DocuSign Q1 beats expectations but shares slide
Shares down 6.8% (Il Sole 24 Ore Radiocor) - New York, 07 Jun - DocuSign shares slid in morning trading after the e-signature company beat expectations on quarterly results but failed to impress.
In its fiscal 2025 first quarter ended April 30, the company reported an adjusted earnings per share of 0.82 dollars from revenue of 709.6 million, up 7% from the same period last year.
That beat analyst expectations for adjusted EPS of 0.79 dollars from revenue of 707.3 million.
For its full fiscal 2025 year, DocuSign said it sees revenue in a range of 2.92-2.93 billion dollars while billings are seen between 2.98-3.03 billion.
At 1424 GMT DocuSign shares were down 6.8%.
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(RADIOCOR) 07-06-24 16:36:51 (0470) 5 NNNN