Doximity Inc Cl A Up 14.88% To $23.54 After Earnings Beat

Doximity Inc Cl A (DOCS) said after close Thursday that it earned $0.22 per share in quarter two 2024. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $113.6 million, beating estimates by $4.6 million.

In the same quarter a year ago, the company earned $0.17 per share on revenue of $102.2 million.

The stock is up 14.88% to $23.54 after the report.

Doximity Inc Cl A's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Doximity Inc Cl A has performed a little below average during the past few months. Before the report, Doximity Inc Cl A received a Long-Term Technical Rank by InvestorsObserver of 35, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $19.71 on September 25, 2023 and set a 52-week high on February 2, 2023 at $40.12.

Doximity Inc is a digital platform for U.S. medical professionals. Its cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers.