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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100