2023-05-17 18:23:28 ET
- Doximity ( NYSE: DOCS ) closed down ~6% Wednesday after the company's fiscal 2024 Q1 financial guidance missed expectations.
- The company sees FY 2024 Q1 revenue of $106.5M to $107.5M. Consensus estimate is $111.8M.
- It anticipates adjusted EBITDA of $39M to $40M. Consensus is $45M.
- The digital platform for doctors reported fiscal 2023 Q4 results after Tuesday's closing bell that beat on both lines. In addition, its full-year FY 2024 revenue and EBITDA ranges include the consensus .
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Why did Doximity stock go down today? Disappointing guidance