Doximity Q1 Adj $0.28 Beats $0.22 Estimate, Sales $126.68M Beat $119.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Doximity (NYSE:DOCS) reported strong Q1 earnings, with adjusted EPS of $0.28 beating the $0.22 estimate and sales of $126.68M surpassing the $119.92M estimate. This represents a significant year-over-year growth in both earnings and sales.
August 08, 2024 | 8:16 pm
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Doximity (NYSE:DOCS) reported Q1 earnings of $0.28 per share, beating the $0.22 estimate by 27.27%. Sales were $126.68M, surpassing the $119.92M estimate by 5.63%. Both earnings and sales showed significant year-over-year growth.
Doximity's strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact its stock price in the short term. The substantial year-over-year growth further supports a positive outlook.
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