Doximity (DOCS) stock ripped higher on Aug. 7 after the online networking service for medical professionals recorded a market-beating Q1 and raised its guidance for the full year. The company posted a 7% year-on-year increase in revenue to $156.6 million, on $0.29 in earnings per share (EPS), a cent above the consensus estimate.
Doximity shares have reversed a major chunk of their post-earnings gains in recent hours, but they remain up about 50% versus their year-to-date low in mid-May.
