Box's stock is sinking after it served up a weak revenue forecast and missed Q2 targets
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Reuters
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Share of Box immediately sank 7% in the moments following its report, but regained some ground and are now down roughly 3% in after hours trading.
Here are the numbers:
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- Revenue (GAAP) - $122.9 million. This is compared to analyst estimates of $124.34 million.
- Earnings per share (adjusted) - Loss of $0.11 per share. This is compared to analyst estimates of a loss of $0.13 per share.
- Q3 projected revenues (GAAP) - range of $128 million to $129 million. This is compared to analyst projections of $131.6 million.
- Q3 projected earnings per share (adjusted) - Loss of $0.14 per share to loss of $0.13 per share. This is compared to the average analyst estimate of loss of $0.13 per share.
- Fiscal 2018 project revenues (GAAP)- $503 million to $506 million. This is compared to analyst projections of $505.65 million.
- Fiscal 2018 project earnings per share (adjusted) - Loss of $0.46 per share to loss of $0.44 per share. This is compared to analyst estimates of a loss of $0.46 per share.
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