Doximity slumps on weak fourth-quarter outlook

Shares of Doximity DOCS.N fall 30.1% to $23 premarket

The telehealth co late on Thursday forecast Q4 revenue at $143 to $144 mln, below Wall Street estimates of $148.02 - LSEG data

DOCS also forecast Q4 core profit at $63.5 mln to $64.5 mln, below estimates of $68.8 mln

However, co's Q3 adj. EPS 46 cents beat estimates of 45 cents

Brokerage Piper Sandler says the bar was already low, but the Q4 revenue forecast was lower

"Revenue will build sequentially from F4Q as DOCS secures outstanding renewals, upsells and new engagements," says brokerage

In 2025, DOCS stock fell 17.1%