Why Did Docusign Stock Jump Today?
Shares of Docusign (NASDAQ: DOCU) jumped on Friday, finishing the day up 4.8% after climbing as much as 8.9% earlier in the session. The move came as the S 500 (SNPINDEX: ^GSPC) dropped 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was flat.
The software maker reported its Q2 earnings Thursday evening, beating expectations across the board and raising its outlook as artificial intelligence (AI) features gain traction.
The company reported Q2 adjusted earnings per share of $0.92, beating analyst estimates. Sales jumped 9% year over year (YOY) to $800.6 million, while sales specifically from ads jumped 13% YOY.
Source Fool.com
