BOX - Box Shares Are Falling Wednesday: Here's Why | Benzinga
Box Inc (NYSE: BOX) shares are trading lower Wednesday after the company reported quarterly results and issued weak guidance. Here's what you need to know.
Q2 Earnings: Box said second-quarter revenue increased 6% year-over-year to $261.43 million, which beat the consensus estimate of $261.12 million, according to Benzinga Pro. The company reported quarterly earnings of 36 cents per share, which beat analyst estimates of 35 cents per share.
Cash from operations totaled $33 million in the quarter, up 15% year-over-year. Free cash flow came in at $21 million, up 15%.
Box also announced an $100 million expansion of its stock repurchase program. During the second quarter, ...