BOX - Box Stock Is Tumbling Wednesday: What's Happening? | Benzinga
Box Inc (NYSE: BOX) shares are trading lower Wednesday after the company reported worse-than-expected financial results and issued weak guidance. Several analysts also lowered price targets following the print.
- Q3 Revenue: $261.54 million missed estimates of $263.69 million
- Q3 EPS: 36 cents missed estimates of 38 cents
Revenues were up 5% year-over-year. Cash from operations came in at $72 million, up 3% year-over-year, and free cash flow totaled $58 million, up 6% year-over-year.
"We continue to execute on our Content Cloud strategy, creating the only end-to-end platform ...