MSFT - Box Stock Is Rising Wednesday: What's Driving The Action? | Benzinga
Box Inc (NYSE:BOX) shares are trading higher Wednesday after the company reported better-than-expected EPS and added $100 million to its buyback program. Here’s what you need to know.
- Q4 Revenue: $262.88 million, missed estimates of $262.97 million
- Q4 EPS: 42 cents, beat estimates of 38 cents
Total revenues were up 2% on a year-over-year basis. Billings were up 6% in the fourth quarter, coming in at $379.3 million. Remaining performance obligations totaled $1.305 billion as of Jan. 31. Net cash provided by operating activities was $89.3 million in the fourth quarter. Free cash flow came in at $81.8 million, up 10% year-over-year.
Box’s board also authorized an expansion of its stock repurchase program by $100 million.
“Box is at ...