Ups and Downs: Array Technologies Q2 Beats; Doximity Outlook Disappoints
- August 09th, 2023
- 224 views
Array Technologies, Inc. (Nasdaq: ARRY) unveiled its second-quarter 2023 financial report, revealing earnings of $0.47 per share, surpassing the consensus EPS estimate of $0.18. The company's quarterly sales reached $507.70 million, exceeding the analysts' projected revenue of $448.84 million for the period.
Additionally, Array Technologies anticipates its full-year 2023 adjusted EPS to range from $1.00 to $1.07, outperforming the consensus estimate of $0.87.
$ARRY was trading at $20.85 in after-hours, marking a notable increase of $2.97 (+16.61%).
In unrelated news, Doximity, Inc. (NYSE: DOCS) disclosed its first-quarter fiscal 2024 financial results, reporting earnings of $0.19 per share, which outperformed the consensus EPS estimate of $0.15. The company's quarterly sales stood at $108.47 million, slightly exceeding the analysts' expected revenue of $106.98 million for the period.
In contrast, for its upcoming Q2, Doximity foresees revenue to fall within the range of $108.5 million to $109.5 million, diverging from the consensus estimate of $121.35 million.
In after-hours trading, $DOCS was trading at $24.52, down $8.27 (-25.22%).
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