FEB 6·ChartmillHigh
Doximity Inc-Class A (NYSE:DOCS) Plummets on Weak Revenue Outlook Despite Q3 Beat
Doximity Inc-Class A (NYSE:DOCS) reported a Q3 beat on revenue and EPS, surpassing analyst expectations. However, the company's shares plummeted in after-hours trading due to a fiscal fourth-quarter revenue outlook that fell short of Wall Street estimates. This guidance miss overshadowed strong user engagement, AI product adoption, and a new $500 million stock repurchase program.