Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, January 15
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Investing»Doximity shares surge 21% on Q1 earnings beat, strong guidance By Investing.com
    Investing

    Doximity shares surge 21% on Q1 earnings beat, strong guidance By Investing.com

    August 8, 20242 Mins Read


    SAN FRANCISCO – Doximity, Inc. (NYSE: DOCS) saw its shares soar 21% in after-hours trading on Thursday after the digital platform for medical professionals reported fiscal first-quarter results that exceeded analyst expectations and provided an upbeat outlook.

    The company posted adjusted earnings per share of $0.28 for the quarter ended June 30, beating the consensus estimate of $0.22. Revenue came in at $126.7 million, up 17% year-over-year and surpassing analysts’ projections of $119.89 million.

    Doximity’s strong performance was driven by robust engagement on its platform. CEO Jeff Tangney noted that a record 590,000 unique providers used the company’s AI, telehealth, messaging, and scheduling workflow tools during the quarter.

    “We were pleased to deliver strong profits and record engagement last quarter, as we beat on both our top and bottom lines,” Tangney said.

    Looking ahead, Doximity provided guidance above Wall Street estimates. For the second quarter, the company expects revenue between $126.5 million and $127.5 million, compared to the consensus of $124 million. For fiscal year 2025, Doximity projects revenue of $514 million to $523 million, topping analyst expectations of $512.3 million.

    The company’s adjusted EBITDA for Q1 grew 42% YoY to $65.9 million, representing a margin of 52%.

    Doximity’s net revenue retention rate, a key metric indicating customer loyalty and expansion, remained strong at 117% for the trailing 12 months ended June 30.

    This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleNvidia stock surges 6% as chip stocks lead market rebound
    Next Article Nasdaq, S&P 500 end 2% higher in rally after US jobless data

    Related Posts

    Investing

    CPI Prints Lose Meaning as Sampling Issues Skew Short-Term Inflation Reads

    January 13, 2026
    Investing

    The ‘Donroe Doctrine’: Venezuela Signals a New Phase of US Global Strategy

    January 13, 2026
    Investing

    Economic Week Ahead: Inflation, Retail Sales to Set the Tone for Fed Policy

    January 11, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Asian stocks rise as Nikkei 225 moves above 50,000 on easing US-China tensions

    October 26, 2025
    Utilities

    Utilities Up as Traders Chase Gains — Utilities Roundup

    October 8, 2025
    Finance

    Hedge fund study on U.S. Treasury issuance fuels debate

    July 26, 2024
    What's Hot

    Stock Market Opening: Key Triggers For D-Street From Gift Nifty To India-US Trade Deal

    November 11, 2025

    Goldstream Investment vise l’expansion dans le Web3 et les stablecoins grâce à un partenariat stratégique

    July 7, 2025

    Cambodia urges due process after $14B Bitcoin seizure linked to Prince Group and Chen Zhi

    October 15, 2025
    Most Popular

    Best AI Tools for Personal Finance Management in 2026

    December 18, 2025

    US stock futures fall with Fed meeting, mega tech earnings on tap By Investing.com

    July 29, 2024

    European stocks steady after inflation, unemployment data; Ericsson shines By Investing.com

    October 15, 2024
    Editor's Picks

    Mutuum Finance (MUTM) price prediction compared to early Ripple (XRP)

    December 31, 2025

    United Utilities pledge to improve as water bosses slammed

    October 27, 2025

    How to Use Commodities in Your Portfolio

    March 10, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.