KEY POINTS
  • Shares of DocuSign plummeted on Friday.
  • The company on Thursday reported weaker-than-expected earnings for its fiscal first quarter, and gave disappointing billings guidance for fiscal 2023.

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The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021.

Shares of DocuSign plunged 24% on Friday after the e-signature software maker posted fiscal first-quarter earnings that fell short of analysts' estimates.

DocuSign on Thursday reported adjusted earnings per share of 38 cents, missing Wall Street's projected 46 cents per share. The earnings miss overshadowed DocuSign's outperforming revenue for the quarter, which came in at $588.7 million, compared to consensus estimates of $581.8 million.

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