DocuSign's sterling quarter pushes its stock up 11%
By Jon Swartz
DocuSign Inc.'s stock jumped 11% higher in extended trading Thursday after the company racked up quarterly results that dusted analysts' revenue and earnings estimates, as well as offering strong revenue guidance.
The electronic-signature company (DOCU) reported fiscal fourth-quarter net income of $27.2 million, or 13 cents a share, compared with net income of $4.9 million, or 2 cents a share, in the same quarter a year ago. Adjusted earnings were 76 cents a share.
DocuSign's sales climbed 8% to $712.4 million from $659.6 million in the same quarter a year ago.
Analysts surveyed by FactSet had expected on average net income of 65 cents a share on revenue of $698 million.
DocuSign provided first-quarter sales guidance of $704 million to $708 million, while FactSet analysts are forecasting $701 million.
Shares of DocuSign have sunk 17% over the past year, while the broader S&P 500 index SPX has surged 32%.
-Jon Swartz
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
03-07-24 2016ET
Copyright (c) 2024 Dow Jones & Company, Inc.-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
Is ServiceNow Stock a Buy After Earnings and Its Investor Day?
-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Today’s Market Volatility Could Provide Tomorrow’s Opportunities
-
40 of the Best Investment Picks
-
Tech Stock Dividends Are Changing the Face of Dividend Growth Investing
-
Roblox Earnings: Weakening Engagement Has Weighed On Growth
-
The Best Gaming Stocks to Buy
-
Energy Transfer Earnings: M&A Drives Guidance Increase In Solid Quarter
-
The Best Healthcare Stocks to Buy
-
Going Into Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?