Doximity, Inc. (DOCS) stock soared nearly 25% in pre-market trading on Friday, following the company's impressive third-quarter fiscal 2025 results that surpassed analyst expectations. The surge was also fueled by the continued success of Doximity's telehealth platform, which was ranked #1 in its category for the fourth consecutive year.
For the quarter ended December 31, 2024, Doximity reported revenue of $168.6 million, significantly higher than the consensus estimate of $152.8 million. The company's adjusted earnings per share of $0.45 also beat analyst projections of $0.34, reflecting strong financial performance.
Adding to the positive sentiment, Doximity's telehealth platform, Doximity Dialer, was named the #1 Best in KLAS in the Video Conferencing Platforms segment for the fourth year in a row. The platform received top ratings across various categories, including operations, product, relationship, value, culture, and loyalty, reinforcing its leadership in delivering reliable and user-friendly virtual care solutions.
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