Box Q3 EPS $0.36 Misses $0.38 Estimate, Sales $261.54M Miss $263.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Box Inc. reported Q3 earnings of $0.36 per share, missing the consensus estimate of $0.38, and sales of $261.54M, also below the expected $263.69M. Despite the miss, earnings and sales increased by 16.13% and 4.64% respectively compared to the same period last year.
December 05, 2023 | 9:08 pm
News sentiment analysis
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NEGATIVE IMPACT
Box Inc. missed Q3 EPS and sales estimates, reporting $0.36 EPS and $261.54M in revenue, compared to estimates of $0.38 and $263.69M. Year-over-year growth was seen in both earnings and sales.
Missing both EPS and sales estimates is likely to have a negative short-term impact on Box Inc.'s stock price. However, the year-over-year growth in earnings and sales may provide some cushion to the negative sentiment. The miss on expectations is significant for investors, hence the high importance score. The confidence level is high due to the clear correlation between earnings reports and stock price movements, although the market may have partially anticipated this outcome.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100