Doximity Stock Jumps 10% On Q4 Earnings: What You Need To Know
Portfolio Pulse from Adam Eckert
Doximity Inc (NYSE:DOCS) reported strong Q4 earnings, with revenue and earnings per share beating analyst estimates. The company also announced a $500 million stock repurchase program and provided optimistic revenue and EBITDA guidance for the upcoming quarter and fiscal year. Shares jumped 11.54% after hours.
May 16, 2024 | 8:38 pm
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Doximity reported strong Q4 earnings, beating both revenue and EPS estimates. The company announced a $500 million stock repurchase program and provided optimistic guidance for the next quarter and fiscal year. Shares surged 11.54% after hours.
The strong earnings report, combined with the announcement of a significant stock repurchase program and positive guidance, is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100