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Why Doximity Stock Is Sinking Today

·2-min read

Shares of Doximity (NYSE: DOCS) were sinking 7.1% lower as of 10:49 a.m. ET on Friday. The decline came after the company, which operates the leading digital platform for medical professionals in the U.S., announced its fiscal 2023 first-quarter results following the market close on Thursday. Doximity reported Q1 revenue of $90.6 million, up 25% year over year.