Doximity (DOCS) delivered earnings and revenue surprises of 25% and 1.37%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Healthcare professional network Doximity (NYSE:DOCS) announced better-than-expected results in Q1 CY2024, with revenue up 6.4% year on year to $118.1 million. The company expects next quarter's revenue to be around $120 million, in line with analysts' estimates. It made a non-GAAP profit of $0.25 per share, improving from its profit of $0.14 per share in the same quarter last year.
SAN FRANCISCO, May 16, 2024--Doximity, Inc. (NYSE: DOCS), the leading digital platform for U.S. medical professionals, today announced results of its fiscal 2024 fourth quarter and fiscal year ended March 31, 2024.