DOCS - Why Doximity Stock Is Skyrocketing Today
2024-05-17 11:15:30 ET
Shares of Doximity (NYSE: DOCS) were skyrocketing 15.9% higher as of 10:54 a.m. ET on Friday. The big gain came after the healthcare technology company announced its fiscal 2024 fourth-quarter and full-year results following market close on Thursday.
Doximity reported fiscal Q4 revenue of $118.1 million, a 6% year-over-year increase. This topped the consensus revenue estimate of roughly $116.5 million.
The company posted fiscal Q4 earnings of $40.6 million, or $0.20 per share, based on generally accepted accounting principles (GAAP) . Non-GAAP earnings came in at $51 million, or $0.25 per share -- well above the average analysts' estimate of $0.20 per share.
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Why Doximity Stock Is Skyrocketing Today