BUZZ-Doximity slumps on weak fourth-quarter outlook

Reuters02-06
BUZZ-Doximity slumps on weak fourth-quarter outlook

** Shares of Doximity DOCS.N fall 30.1% to $23 premarket

** The telehealth co late on Thursday forecast Q4 revenue at $143 to $144 mln, below Wall Street estimates of $148.02 - LSEG data

** DOCS also forecast Q4 core profit at $63.5 mln to $64.5 mln, below estimates of $68.8 mln

** However, co's Q3 adj. EPS 46 cents beat estimates of 45 cents

** Brokerage Piper Sandler says the bar was already low, but the Q4 revenue forecast was lower

** "Revenue will build sequentially from F4Q as DOCS secures outstanding renewals, upsells and new engagements," says brokerage

** In 2025, DOCS stock fell 17.1%

(Reporting by Puyaan Singh)

((Puyaan.Singh@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment