Box Sees Q2 Adj. EPS $0.40-$0.41 vs $0.39 Est., Revenue $268M-$270M vs $270.77M Est.
Portfolio Pulse from Benzinga Newsdesk
Box Inc. has released its Q2 financial guidance, projecting adjusted EPS of $0.40-$0.41, which is above the estimated $0.39. However, the company expects revenue to be in the range of $268M-$270M, slightly below the estimated $270.77M.
May 28, 2024 | 8:07 pm
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Box Inc. has provided Q2 guidance with adjusted EPS expected to be $0.40-$0.41, surpassing the estimated $0.39. However, revenue is projected to be $268M-$270M, slightly below the $270.77M estimate.
The positive EPS guidance indicates better profitability, which is a good sign for investors. However, the slightly lower revenue projection may raise concerns about growth. These mixed signals are likely to result in a neutral short-term impact on the stock price.
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