Doximity (DOCS) jumps on Q1 earnings


Jeff Tangney, CEO, of Doximity at the New York Stock Exchange for their IPO, June 24, 2021.

Source: NYSE

Doximity shares jumped as much as 10% in extended trading Tuesday after the online health company, which held its stock market debut in June, said quarterly revenue doubled.

Here’s how the company did in its fiscal first quarter relative to StreetAccount estimates:

  • Revenue: $72.7 million vs. $63.6 million expected
  • Earnings: 11 cents per share adjusted

Doximity, which provides professional networking and telehealth tools for medical professionals, doubled revenue in the quarter and said sales for the full fiscal year will be between $296.5 million and $299.5 million. That’s an annual…

Source cnbc.com

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