Why DocuSign Stock Is Soaring Higher Today
Shares of DocuSign (NASDAQ: DOCU), an electronic signature company, were skyrocketing this morning after the company beat Wall Street's top- and bottom-line estimates in the third quarter.
As a result, the tech stock was up by an impressive 14.4% as of 10:38 a.m. ET.
DocuSign reported non-GAAP (adjusted) earnings of $0.57 in the quarter, which was down only slightly from $0.58 in the year-ago quarter but was far ahead of analysts' consensus estimate of $0.42 per share.
Source Fool.com
