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Doximity Inc (NYSE:DOCS) shares are tumbling in after-hours trading Wednesday after the company reported mixed results for the fourth quarter and issued soft forward guidance.
- Doximity stock is showing downward pressure. What’s ahead for DOCS stock?
Doximity Delivers Mixed Q4 Results
Doximity, which operates an online networking service for medical professionals, reported fourth-quarter revenue of $145.4 million, beating analyst estimates of $144.08 million, according to Benzinga Pro. Revenue was up 5% on a year-over-year basis.
The company reported adjusted earnings of 26 cents per share for the quarter, missing estimates of 28 cents per share. Adjusted EBITDA came in at $65.8 million, down 6% year-over-year.
“We’re thrilled …
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