Doximity rises on upbeat fiscal 2025 revenue forecast

Doximity

07/02/2025 13:01

** Shares of telehealth firm Doximity  DOCS.N  rise 24.4% to
$72.50 premarket
    ** On Thursday, co forecast fiscal 2025 rev. to be between
$564.6 mln and $565.6 mln, up from its previous range of $535
mln to $540 mln; analysts estimate 2025 rev. to be $554.3 mln -
LSEG-compiled data
    ** Co forecasts Q4 rev. to be between $132.5 mln and $133.5
mln, above analysts' est of $129.2 mln
    ** Co reported Q3 adj. profit of 45 cents/shr vs analysts'
est. of 34 cents/shr
    ** Co posted Q3 revenue of $168.6 mln vs estimates of $152.8
mln
    ** At least six brokerages raised PT on DOCS post results
    ** DOCS gained ~87% in 2024

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com;))