By Denny Jacob
DocuSign is scheduled to report its fiscal third-quarter results Thursday after the market closes. Here’s what you need to know.
NET INCOME: The e-signature company is expected to post a loss of $4.2 million, narrowing from a loss of $29.9 million a year earlier, according to FactSet.
REVENUE: The San Francisco-based company is expected to report $690.3 million in revenue for the three months ended Oct. 31 compared with $645.5 million a year earlier, according to FactSet. DocuSign forecast revenue in the range of $687 million and $691 million.
ADJUSTED EARNINGS: Stripping out one-time items, earnings are expected to come in around 63 cents a share, according to FactSet.
The stock price fell around 28% during the quarter and recently traded at $48.95.
WHAT TO WATCH
–Another quarter of revenue growth would point to the ongoing success of DocuSign’s turnaround efforts, which have included changes in leadership and job cuts. It also would demonstrate resilient business spending despite headwinds in the economy.
–Look to see if DocuSign’s latest results prompt another increase in its fiscal 2024 outlook. The company raised its revenue…
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