RTTNews | Dec 3, 2021 06:42AM EST

06:42 Friday, December 3, 2021 (RTTNews.com) - Shares of e-signature solutions provider DocuSign, Inc. (DOCU) are down more than 30% in pre-market on Friday after the company's fourth quarter revenue guidance fell short of analysts' view.

The company said it expects revenue in the range of $557 million- $563 million for the forth quarter. On average 17 analysts polled by Thomson Reuters expect the company to report revenue of $573.79 million for the quarter.

Revenue for the full-year is expected between $2.083 billion- $2.0989 billion. This compares with the consensus estimate of $2.09 billion.

In the third quarter, DocuSign reported net loss of $5.68 million or $0.03 per share compared with net loss of $58.49 million or $0.31 per share in the same quarter a year ago.

Excluding one-time items, earnings were $0.58 per share vs. $0.46 as expected by analysts.

Revenue was $545.46 million in the third quarter, 42% increase year-over-year.

DocuSign stock closed Thursday's regular trade at $233.82, up $3.03 or 1.31%. It is currently at $158.53.

Read the original article on RTTNews ( https://www.rttnews.com/3246717/docusign-plummets-in-pre-market-as-q4-revenue-outlook-falls-below-view.aspx)

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