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Benzinga

Business

Adam Eckert

Why DocuSign Stock Is Falling After Hours

DocuSign Inc (NASDAQ:DOCU) shares are trading lower in Thursday's after-hours session after the company reported worse-than-expected earnings results.

DocuSign said fiscal first-quarter revenue increased 25% year-over-year to $588.7 million, which beat the estimate of $581.76 million, according to data from Benzinga Pro. However, the company reported quarterly adjusted earnings of 38 cents per share, which missed the estimate of 46 cents per share.

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