BOX - Box Stock Tumbles On Q2 Earnings: What's Driving The Action After Hours? | Benzinga
Box Inc (NYSE: BOX) shares are trading lower in Tuesday's after-hours session on the heels of the company's second-quarter results. Box issued soft guidance, which appears to be driving shares lower after the bell.
What Happened: 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%.
"With Box AI, we will ...