Strong DocuSign (DOCU) Report - Pre-market up to 2.8%

Adjusted profit of DocuSign recorded 12 cents of the share, which exceeded 10 cents of the analysts forecast in the quarter ended on April 30.

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After the close of trading on Thursday, DocuSign (DOCU) released a report in which the company reported stronger-than-expected adjusted earnings and revenue for the latest quarter amid the coronavirus pandemic.

Image source: Twitter @DocuSign

DocuSign's adjusted earnings in the latest quarter were 12 cents per share, compared with 7 cents a year earlier. The 12-cent profit beat analysts' expectations, which had forecast earnings of 10 cents a share.

Our strong first-quarter results reflect our ability to help organizations accelerate their digital transformation as they adapt to the changing business environment, magnified by Covid-19 DocuSign CEO Dan Springer

DocuSign shares are worth $144.76, up 3.4% from after-hours trading. However, during regular trading on Thursday, the company's shares fell by 5.01%.

Over the past three months, the stock has risen 63%, while the S&P 500 has gained 4%.

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Alex Dudov E-mail

Alex has been creating articles for several crypto projects for three years. He is interested in cryptocurrencies and financial markets, more so in cryptocurrencies.