Box Inc Sees FY24 EPS $1.46-$1.50 Vs $1.49 Est.; Revenue $1.04B-$1.044B Vs $1.05B Est.
Portfolio Pulse from Happy Mohamed
Box Inc has updated its FY24 guidance. Revenue is expected to be between $1.040 billion and $1.044 billion, representing a 5% YoY increase at the high end of the range. GAAP operating margin is expected to be around 4.5%, and non-GAAP operating margin is expected to be 25.5%. GAAP net income per share is expected to be between $0.17 and $0.21, while non-GAAP diluted net income per share is expected to be between $1.46 and $1.50. This represents an increase from Box's previous guidance.
August 29, 2023 | 8:09 pm
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Box Inc has updated its FY24 guidance, with expected revenue and net income per share slightly below estimates. This could potentially impact the company's stock price.
Box Inc's updated FY24 guidance shows expected revenue and net income per share slightly below estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
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