Doximity Gains Nearly 40% After Hours on Earnings and Revenue Beats and Well-Received Guidance

Jerry Kronenberg wrote a column · Nov 8, 2024 05:53

$Doximity (DOCS.US)$ soared nearly 40% after hours on Thursday after the medical-records platform beat analyst estimates for quarterly earnings and revenues and guided the current quarter to better-than-expected sales.

DOCS gained 38% to $59.90 shortly before 5 p.m. ET after reporting $0.30 in non-GAAP earnings per share, exceeding the $0.26 that analysts had expected, according to published reports. Revenues came in at $136.8 million vs. the $127.2 million that analysts’ consensus estimate had reportedly called for.

Doximity also guided current-quarter revenues to $152 million-$153 million, besting the $141 million consensus that analyst had reportedly expected.

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Jerry Kronenberg

Director of Financial Content

Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.

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