Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, June 1
    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

    FTSE 100: M&A Activity Could Help Reignite Investor Interest

    June 1, 2026
    Investing

    A Week of Giant IPOs, Chip Shortages, and Memory Squeezes

    May 30, 2026
    Investing

    Deal Done, Hikes Axed? Not Exactly

    May 29, 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
    Bitcoin

    Que sont les ultra-riches de l’Amérique avec Bitcoin: un exécutif gérant 200 milliards de dollars s’exprime, se sont révélés

    May 24, 2025
    Commodities

    Why is China stockpiling resources?

    July 25, 2024
    Property

    UK house prices stall in March as stamp duty holiday ends

    March 31, 2025
    What's Hot

    Seul le Bitcoin résiste aux tarifs de Donald Trump

    April 4, 2025

    Le Salvador continue d’acheter du Bitcoin, malgré l’accord avec le FMI

    April 30, 2025

    Springfield City Utilities linemen work to restore power in Florida after Hurricane Milton

    October 12, 2024
    Most Popular

    Gulf Navigation Holding receives approval from the Securities and Commodities Authority

    November 15, 2025

    China Reinsurance prévoit une augmentation de 80 à 100 % de ses bénéfices en 2024 -Le 24 février 2025 à 03:14

    February 23, 2025

    Donald Trump’s property empire: What the US President owns in London and the rest of the UK

    January 20, 2025
    Editor's Picks

    Bitcoin Price Crashes To $88,000 AsJ PMorgan Stays Bullish

    December 5, 2025

    Bitcoin Maxi, CEO Expects ‘$0.01 Million’ As Threshold For BTC ‘Sale’

    August 25, 2024

    Tropical Storm Beryl Hits Air Travel, Commodity Prices

    July 8, 2024
    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.