Doximity, Inc. (DOCS) shares dropped 26.29 percent to $17.24, down $6.15 on Thursday, possibly after the company reported lower fourth-quarter profit for fiscal 2026 despite higher revenue yesterday.
The stock is currently trading at $17.24, compared with a previous close of $23.39 on the New York Stock Exchange. It opened at $18.26 and traded between $17.15 and $18.39 during the session, with volume reaching 9.41 million shares, well above the average daily volume of 3.08 million shares.
Revenue increased to $145.4 million in the quarter ended March 31, 2026, from $138.3 million in the same period last year. Net income declined to $19.1 million, or $0.10 per diluted share, from $62.5 million, or $0.31 per share, a year earlier. Operating income fell to $24.8 million from $48.7 million.
Doximity shares have traded between $17.15 and $76.51 over the past 52 weeks.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.