Quantcast

Box Stock: 9 Things to Know About Q2 Earnings


Shutterstock photo

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Box stock (NYSE: BOX ) was sliding following the company's latest quarterly earnings showing late in the day Tuesday.

Box Stock Here's how the cloud content management company performed in its fiscal second quarter of 2019 :

  • Box posted an adjusted loss of 5 cents per share for the period when excluding certain items.
  • Analysts were calling for the company to amass an adjusted loss of 6 cents per share, according to data compiled by  Thomson Reuters .
  • Box's revenue was up 21% compared to the year-ago quarter, reaching $148.2 million.
  • The Wall Street consensus estimate was projecting the company to bring in sales of $146.5 million, according to a survey from Thomson Reuters.
  • Box had 11 deals during the period that were worth at least $500,000, which is 3 more than during the year-ago quarter.
  • For its third quarter of the fiscal year, the company is calling for a loss between 8 cents and 7 cents per share on adjusted basis, while analysts project a loss of 6 cents per share, per Thomson Reuters.
  • Box sees its third-quarter revenue in the range of $154 million to $155 million, while Wall Street calls for revenue of $155 million.
  • For the fiscal year, the company updated its guidance to a loss of 18 cents to 16 cents per share, in line with analysts' expectations of a loss of 18 cents per share, on an adjusted basis.
  • Box also sees its revenue in the range of $606 million to $608 million, in line with the Thomson Reuters forecast of $606.5 million.

BOX stock was down nearly 4% after the bell despite the company's strong quarterly earnings showing. Shares were up about 2.3% during regular trading hours in anticipation of the company's results.

More From InvestorPlace

Compare Brokers

The post Box Stock: 9 Things to Know About Q2 Earnings appeared first on InvestorPlace .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: BOX



More from InvestorPlace Media

Subscribe






InvestorPlace Media
Contributor:

InvestorPlace Media

Investing, Financial News










Research Brokers before you trade

Want to trade FX?