Box Incorporated Q3: Meeting Expectations

Box Incorporated reported a net income of $12.1 million, or $0.05 per share, for the third fiscal quarter. Adjusted earnings of $0.31 per share met Wall Streets expectations and surpassed revenue forecasts of $298.4 million, with actual revenue at $301.1 million. The company expects earnings of $0.33 per share and revenue of $304 million for the fourth quarter, and projects full-year earnings of $1.28 per share and revenue of $1.18 billion. Despite positive results, shares have decreased by 4.5% since the start of the year, closing at $30.17 on Tuesday.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.