Doximity Stock Soars On Q1 Earnings: The Details
Portfolio Pulse from Adam Eckert
Doximity Inc (NYSE:DOCS) reported strong fiscal first-quarter results, with revenue and earnings surpassing analyst estimates. Revenue increased 17% year-over-year to $126.68 million, and adjusted earnings were 28 cents per share. Despite a decline in operating and free cash flow, the company expects continued growth in the second quarter and full year. Shares surged 23.07% after hours.
August 08, 2024 | 9:00 pm
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Doximity reported strong Q1 results, with revenue and earnings surpassing analyst estimates. Despite a decline in cash flow, the company expects continued growth. Shares surged 23.07% after hours.
Doximity's strong financial performance, with revenue and earnings exceeding expectations, is likely to boost investor confidence. The positive outlook for the next quarter and full year further supports the upward price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100