Box Shares Climb After Q2 Results: EPS Beat, Revenues Beat, Guidance Above Estimates
Portfolio Pulse from Erica Kollmann
Box, Inc. (NYSE:BOX) reported strong Q2 results, beating EPS and revenue estimates, and provided guidance above expectations. The company reported earnings of 44 cents per share and revenue of $270.039 million, both exceeding analyst estimates. Box's outlook for Q3 and fiscal year 2025 also surpassed expectations, leading to a 4.61% increase in its stock price after-hours.
August 27, 2024 | 8:30 pm
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Box, Inc. reported better-than-expected Q2 earnings and revenue, with strong guidance for Q3 and FY 2025. This positive performance led to a 4.61% increase in its stock price after-hours.
Box's Q2 results exceeded analyst expectations for both EPS and revenue, and the company provided guidance above estimates for Q3 and FY 2025. This positive financial performance and outlook are likely to boost investor confidence, resulting in a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100