Why Box Shares Are Moving Higher After The Close
Portfolio Pulse from Adam Eckert
Box Inc (NYSE:BOX) reported better-than-expected Q1 results and issued strong Q2 guidance, leading to a rise in its share price. Q1 revenue was $251.9 million, beating estimates of $249.25 million, and Q1 EPS was 32 cents, surpassing estimates of 27 cents. The company also announced innovations such as Box Canvas, Box Shuttle, and Box AI.
May 30, 2023 | 8:59 pm
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Box Inc's better-than-expected Q1 results and strong Q2 guidance have led to an increase in its share price. The company also announced new innovations such as Box Canvas, Box Shuttle, and Box AI.
Box Inc reported better-than-expected Q1 results, beating both revenue and EPS estimates. This positive news, combined with strong Q2 guidance, has led to an increase in the company's share price. Additionally, the announcement of new innovations such as Box Canvas, Box Shuttle, and Box AI demonstrates the company's commitment to growth and innovation, which is likely to have a positive impact on its stock price in the short term.
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