Update: Doximity Fiscal Q4 Adjusted Earnings Miss Estimate; FY27 Sales Guidance Lags; Shares Plunge Premarket
(Updates with the stock move in the headline and the first paragraph.)Doximity (DOCS) shares were down over 21% at the time of writing premarket Thursday after the company overnight reported a steeper-than-expected drop in fiscal Q4 adjusted earnings and sales guidance for the next financial year lagged market expectations.The company reported fiscal Q4 adjusted earnings late Wednesday of $0.26 per diluted share, down from $0.38 a year earlier.Analysts polled by FactSet expected $0.28.Revenue for the three months ended March 31 was $145.4 million, up from $138.3 million a year earlier.Analysts surveyed by FactSet expected $144 million.For Q1, the company expects revenue of $151 million to $152 million.Analysts expect $153.8 million.For fiscal 2027, the company expects revenue of $664 million to $676 million.Analysts expect $697.4 million.Price: $18.42, Change: $-4.97, Percent Change: -21.25%
