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DocuSign’s stock rises after earnings beat and hike in outlook

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DocuSign shares rose after hours Thursday after the e-signature company beat on earnings and hiked its outlook for the year.

DocuSign Inc. shares rose in the extended session Thursday after the e-signature company reported earnings that topped Wall Street expectations and hiked its outlook for the year.

The company reported fiscal second-quarter net income of $7.4 million , or 4 cents a share, versus a loss of $45.1 million, or 22 cents a share, in the year-ago period. Adjusted earnings, which exclude one-time charges and stock-based compensation charges, rose to 72 cents a share from 44 cents a share in the year-ago period.Analysts surveyed by FactSet had estimated 66 cents a share on revenue of $677.6 million, based on the company’s guidance of $675 million to $679 million.

Analysts expect earnings of 58 cents a share on revenue of $697.5 million for the fourth quarter, and of $2.56 a share on revenue of $2.72 billion for the year.

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