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DocuSign's stock, $DOCU, was expected to move 11% before the release of quarterly results on June 6. Results were in line with expectations, with a 3% Billings beat and a $1B buyback announcement. However, the stock dropped 7% in pre-market trading due to lower-than-expected Q2 billings guidance.
$DOCU (-7.0% pre) DocuSign stock down on lower-than-expected Q2 billings guidance - Y Finance https://t.co/yYhXHffvOj
$DOCU basically in-linsh print/guide; second smallest Billings beat past few yrs at 3%; 1B buyback bringing it back after initial selloff
🚨 𝗟𝗶𝘃𝗲 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 ➡️ $DOCU $MTN @DianeKingHall & @KGBULLANDBEAR join @OJRenick to break down these reports: https://t.co/ZjTpOC2le5
