5 Companies on Investors’ Radar After Releasing Their Quarterly Results

4. Doximity, Inc. (NYSE:DOCS)

Number of Hedge Fund Holders: 33

Doximity, Inc. (NYSE:DOCS) recently announced better-than-expected financial results for its fiscal fourth quarter. However, the sales outlook for its fiscal first-quarter disappointed investors, sending its shares down to a nearly one-year low in the premarket trading session on Wednesday, May 18, 2022.

The online professional networking platform reported adjusted earnings of 21 cents per share, topping expectations of 15 cents per share. In addition, Doximity, Inc. (NYSE:DOCS) posted revenue of $93.7 million, up 40.4 percent over the year-ago period and above expectations of $90.11 million.

Looking forward, Doximity, Inc. (NYSE:DOCS) expects to generate revenue in the range of $88.6 – $89.6 million for the current quarter, below analysts’ average estimate of $96.78 million.

Speaking on the results, CEO Jeff Tangney said:

“We’re proud to now serve over 2 million US healthcare professionals, including over 80% of US physicians and over 50% of Physician Assistants and Nurse Practitioners. This quarter, we added scheduling to our product suite with the acquisition of Amion, and saw record use of our fax, e-signature, and telehealth tools.”