DocuSign Inc. topped revenue and earnings expectations for its latest quarter while delivering an upbeat outlook, but shares of the electronic-signature company dipped in late trading Thursday.
The company reported a fiscal fourth-quarter net loss of $72.4 million, or 38 cents a share, whereas it posted a net loss of $47.4 million, or 26 cents a share, a year earlier. After adjusting for stock-based compensation and other expenses, DocuSign DOCU,
Revenue for the quarter rose to $410 million from $258 million, while analysts were expecting $408 million.
DocuSign shares were off 1.7% in after-hours trading Thursday, after rising 5.9% in the regular session.
For the current quarter, DocuSign forecasts $432 million to $436 million in revenue, whereas analysts were looking for $419 million.
Looking ahead to the full fiscal year that ends next January, DocuSign expects revenue of $1.963 billion to $1.973 billion. Analysts were modeling $1.89 billion.
