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DocuSign: Fiscal 1Q Earnings Snapshot

June 6, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOCU at https://www.zacks.com/ap/DOCU

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