Doximity slips in after-hours trading after giving weak forecast for the quarter
Medical Software Inventory homosexual Shares fell more than 8% in extended trading after issuing weak guidance for the current quarter.
The company said it expects first-quarter revenue of $106.5 million to $107.5 million and adjusted EBITDA of $39 million to $40 million. Both estimates missed consensus estimates, with analysts polled by FactSet expecting revenue of $11.8 million and adjusted EBITDA of $45.4 million.
That overshadowed its fiscal fourth-quarter results. The company reported earnings of 20 cents a share excluding items, beating analysts’ expectations of 17 cents. Revenue also beat expectations, coming in at $111 million, beating estimates of $110.1 million. Adjusted EBITDA came in at $48.9 million, beating the consensus estimate of $45.7.
For the full fiscal year, the company said it expects revenue between $500 million and $506 million, a range that includes Wall Street estimates of $501.8 million. The company expects adjusted EBITDA to come in between $216 million and $222 million this year, compared with analysts’ forecast of $215.7 million.
— Alex Haring
Stock futures were little changed
Stock futures edged higher shortly after 6 p.m. ET.
Futures tied to the Dow, S&P 500 and Nasdaq 100 were all up about 0.1%.
— Alex Haring