Why Doximity Stock Was Soaring Today

A solid earnings report lifted the health tech stock. Shares of Doximity (DOCS 35.19%), the social network for doctors, were jumping today after the company easily beat estimates in its fiscal first-quarter earnings report. The stock was up 33.1% as of 1:04 p.m. ET on the news. Doximity delights The social media company reported revenue growth of 17% to $126.7 million in the period ended June 30, which easily beat the consensus estimate of $119.9 million. Profit growth soared as well with adjusted earnings ...