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Box (NYSE:BOX) Posts Q4 Sales In Line With Estimates But Stock Drops


//stocks-investing.news-articles.net/content/202 .. ales-in-line-with-estimates-but-stock-drops.html
Published in Stocks and Investing on by MSN   Print publication without navigation

Cloud content storage and management platform Box (NYSE:BOX) in Q4 CY2024, with sales up 6.3% year on year to $279.5 million. On the other hand, next quarter's revenue guidance of $274.5 million was less impressive,


Box Inc. reported its fiscal fourth-quarter earnings, revealing sales that met Wall Street's expectations, but the company's stock experienced a decline. The cloud storage provider announced earnings of $0.37 per share, surpassing the consensus estimate of $0.36 per share, with revenue reaching $262.88 million, slightly above the expected $262.38 million. Despite these results, Box's stock fell by 5.5% in after-hours trading. The company also provided a conservative outlook for the upcoming quarter, projecting revenue between $261 million and $263 million, which was below the $264.5 million that analysts had forecasted. This cautious guidance, coupled with concerns over future growth and profitability, contributed to the negative investor reaction.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/box-nyse-box-posts-q4-sales-in-line-with-estimates-but-stock-drops/ar-AA1AfH2i ]

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