Doximity, Inc. (DOCS) shares soared 23.33% in after-hours trading on Thursday, following the company's impressive third-quarter results that exceeded analysts' expectations. The stock movement can be attributed to the following factors:

Firstly, Doximity reported a stellar Q3 performance with revenue of $168.6 million, surpassing the consensus estimate of $152.8 million. The company's adjusted earnings per share of $0.45 also beat analyst projections of $0.34. This strong financial performance signaled robust demand for Doximity's digital platform for medical professionals.

Additionally, Doximity announced that its telehealth platform, Doximity Dialer, was ranked #1 Best in KLAS in the Video Conferencing Platforms segment for the fourth consecutive year. The platform received top ratings across various categories, including operations, product, relationship, value, culture, and loyalty. This recognition further reinforced Doximity's leadership position in delivering reliable and user-friendly virtual care solutions.