Box's stock is sinking after it served up a weak revenue forecast and missed Q2 targets

Becky Peterson

Aug 31, 2017, 02:29 IST

Reuters

Box CEO Aaron Levie missed Wall Street's revenue target

Box, the file sharing and storage company, missed Wall Street targets for Q2 revenue and served up a weak financial forecast on Wednesday.

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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