Eh, What's Up, DocuSign? Stock Plummets Despite Decent Earnings!

Of Course There's a Problem!

Well hello there folks! Bugs Bunny here reporting live from… wherever stocks are traded I guess. Seems like DocuSign that company that makes you sign things online (no carrots involved sadly) had a bit of a kerfuffle. They announced their earnings and get this – they actually did pretty good! Beat expectations and all that jazz. 'Ain't I a stinker?' you might ask? Well hold your horses... or should I say hold your carrots.

Billings are Down?!

The problem see is with their billings outlook. Now I ain't no financial whiz but apparently that's a big deal. They were expecting to rake in more dough than Elmer Fudd chasing me through a field of lettuce but they fell short. *Th th th that's debatable.* Analysts are wringing their hands investors are hopping mad (almost as mad as Yosemite Sam when I steal his dynamite) and the stock price? Well let's just say it went south faster than I can disappear down a rabbit hole!

The Numbers Game: A Hare Raising Experience

Let's throw some numbers around just for kicks. Earnings per share were up revenue was up (a solid 8% jump not bad!) but billings? Down! Like Wile E. Coyote's schemes they just didn't quite stick the landing. They expected $746 million but only managed $739.6 million. Close but no cigar... or carrot!

Fiscal Forecast? Fudd gedaboutit!

And the forecast for the whole year? They’ve lowered their expectations for billings. It's like promising a carrot cake and then only delivering a carrot stick. Disappointing right? Investors are saying '*What's up Doc?* with a lot less enthusiasm and a lot more side eye.

A Billion Dollar Band Aid?

Now DocuSign is trying to smooth things over with a $1 billion stock buyback. It's like giving Yosemite Sam a bigger gun to make him feel better – might work might not. The shares are already down this year so they are really trying to turn it around. Time will tell how that works out. Remember folks I read it on the internet so it MUST be true.

That's All Folks! (For Now)

So there you have it folks! DocuSign's stock is doing the 'ol dip de doo' despite some good news. Will they bounce back? Will they figure out those billings? Only time will tell. In the meantime I'm off to find a nice carrot patch. 'Eh what's up Doc?'... besides the stock price that is.