DocuSign: Fiscal 1Q Earnings Snapshot
SAN FRANCISCO (AP) _ DocuSign Inc. (DOCU) on Thursday reported a loss of $45.7 million in its fiscal first quarter.
The San Francisco-based company said it had a loss of 27 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The provider of electronic signature technology posted revenue of $214 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $208.5 million.
For the current quarter ending in August, DocuSign said it expects revenue in the range of $218 million to $222 million.
The company expects full-year revenue in the range of $917 million to $922 million.
DocuSign shares have climbed 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54.67, a decrease of roughly 5% in the last 12 months.