Doximity 'Sees Q2 Revenue $126.5M-$127.5M Vs $123.95M Est.; FY24 Revenue $514M-$523M Vs $512.29M Est.
Portfolio Pulse from Benzinga Newsdesk
Doximity has provided its financial guidance for Q2 FY24 and FY24, with revenue estimates surpassing analyst expectations. The company expects Q2 revenue between $126.5M and $127.5M, and FY24 revenue between $514M and $523M.
August 08, 2024 | 8:29 pm
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POSITIVE IMPACT
Doximity has raised its revenue guidance for Q2 FY24 and FY24, surpassing analyst expectations. This positive outlook is likely to boost investor confidence and support short-term stock price appreciation.
Doximity's raised revenue guidance for both Q2 FY24 and FY24 indicates strong business performance and growth prospects. This is likely to positively impact investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100