DocuSign Stock Falls Despite Results Beating Estimates, As CFO Exit Announced

Dow Jones2023-03-10

DocuSign Inc. shares fell about 8% after hours, after falling less than 2% in the regular session to close at $64.41 on Thursday, despite beating Wall Street estimates for its results and outlook.

The electronic signature solutions company reported fourth-quarter net income of $4.86 million, or 2 cents a share, compared with a loss of $30.45 million, or 15 cents a share, in the year-ago period. Adjusted earnings were 65 cents a share, adjusted for stock-based compensation and other costs. Revenue rose to $659.6 million from $564 million in the year-ago quarter. Analysts surveyed by FactSet had forecast adjusted earnings of 52 cents a share on revenue of $640.8 million.

For the first quarter, the company expects revenue of $639 million to $643 million, while analysts expect $639.8 million.

The company also announced that Chief Financial Officer Cynthia Gaylor is stepping down, and that the company is looking for a replacement. In a statement, the company said “Gaylor’s planned departure is not a result of any disagreement regarding the company’s financial statements or disclosures.”

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Comments

kunkun1203
2023-03-10
kunkun1203
What a fucking news
MLFL
2023-03-10
MLFL
Good morning
AlanChong
2023-03-10
AlanChong
Ok
TaiWoeiHaur
2023-03-10
TaiWoeiHaur
Good morning

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