Box: Fiscal Q1 Earnings Snapshot
REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Box Inc. (BOX) on Tuesday reported fiscal first-quarter profit of $8.2 million.
The Redwood City, California-based company said it had net income of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The online storage provider posted revenue of $276.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $274.4 million.
For the current quarter ending in July, Box expects its per-share earnings to range from 30 cents to 31 cents.
The company said it expects revenue in the range of $290 million to $291 million for the fiscal second quarter.
Box expects full-year earnings in the range of $1.22 to $1.26 per share, with revenue expected to be $1.17 billion.
Box shares have decreased slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.51, a climb of 25% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOX at https://www.zacks.com/ap/BOX