Doximity Shares Plunge 25%

Core Viewpoint - Doximity, Inc. experienced a significant decline in share price following the announcement of lower third-quarter profits, despite reporting revenue growth [1]. Financial Performance - Doximity reported a net income of $61.55 million, or $0.31 per share, which is a decrease from $75.19 million, or $0.37 per share, in the same quarter last year [3]. - On an adjusted basis, earnings were reported at $0.46 per share [3]. - Revenue increased by 9.8 percent to $185.05 million, up from $168.60 million year-over-year [3]. Stock Performance - The stock closed at $24.72, down 25.77 percent from a previous close of $33.34 [1][2]. - Shares opened at $34.55 and traded within a range of $23.66 to $26.51 during the day [2]. - Trading volume reached approximately 4.30 million shares, significantly higher than the average volume of about 2.95 million shares [2]. - The stock is currently trading near the lower end of its 52-week range, which is between $23.66 and $85.21 [3].