DocuSign (NASDAQ: DOCU) reported results for its fiscal 2022 first quarter (ended April 30, 2021), and investors liked what they saw, sending the stock up as much as 6% in after-hours trading. Revenue of $469 million climbed 58% year over year, eclipsing analysts' consensus estimates of roughly $438 million. The top-line growth was powered by subscription revenue that grew 61% to $452 million, or 96% of total sales. Read More...
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U.S. Futures Largely Flat; AMC Entertainment Soars Again
U.S. stocks are seen opening little changed Wednesday, continuing the quiet start to the new month ahead of the much-anticipated monthly employment report. At 7:05 AM ET (1205 GMT), the Dow futures contract was up 60 points, or 0.2%, S&P 500 futures traded 3 points, or 0.1%, higher, and Nasdaq 100 futures largely unchanged. The blue-chip Dow Jones Industrial Average gained just 1%, or 45 points, on Tuesday, the first day of June, while the broad-based S&P 500 broke a three-day wining streak to close just 2 points lower.
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