DocuSign: Fiscal 3Q Earnings Snapshot

By The Associated Press

SAN FRANCISCO (AP) _ DocuSign Inc. (DOCU) on Thursday reported a loss of $58.5 million in its fiscal third quarter.

The San Francisco-based company said it had a loss of 31 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 22 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The provider of electronic signature technology posted revenue of $382.9 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $360.4 million.

For the current quarter ending in January, DocuSign said it expects revenue in the range of $404 million to $408 million.

DocuSign shares have more than tripled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $230.60, more than tripling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOCU at https://www.zacks.com/ap/DOCU

The Associated Press

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