Box Q4 Adj EPS $0.42 Beats $0.38 Estimate, Sales $262.88M Miss $262.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Box Inc. (BOX) reported Q4 adjusted EPS of $0.42, surpassing the $0.38 estimate, marking a 13.51% year-over-year increase. However, its Q4 sales of $262.88M slightly missed the $262.97M estimate, though still representing a 2.50% increase from the previous year.
March 05, 2024 | 9:07 pm
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Box Inc. reported a Q4 adjusted EPS of $0.42, beating estimates, with a slight miss in sales at $262.88M against a $262.97M estimate.
The positive earnings beat with a 13.51% YoY increase in EPS is likely to be viewed favorably by investors, potentially leading to a short-term uptick in BOX's stock price. The slight miss in sales might temper enthusiasm but is unlikely to significantly detract from the positive earnings news.
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IMPORTANCE 90
RELEVANCE 100