Box, the file sharing and storage company, beat Wall Street targets for Q2 revenue on Wednesday, but not without a little kerfuffle.
While the company served up a weak financial forecast, its stock dropped disproportionately – possibly because of a widespread analyst error, which made it look like Box missed on revenue expectations.
Share of Box immediately sank 7% in the moments following its report, but regained some ground and are now down roughly 4% in after hours trading.
Here are the numbers. The analyst estimates are from Bloomberg.
- Revenue (GAAP) – $122.9 million. This is compared to analyst estimates of $121.917 million. Earnings per share (adjusted) – Loss of $0.11 per share. This is compared to analyst estimates of a loss of $0.125 per share. Q3 projected revenues (GAAP) – range of $128 million to $129 million. This is compared to analyst projections of $129.08 million. Q3 projected earnings per share (adjusted) – Loss of $0.14 per share to loss of $0.13 per share. This is compared to the average analyst estimate of loss of $0.125 per share. Fiscal 2018 project revenues (GAAP)- $503 million to $506 million. Fiscal 2018 project earnings per share (adjusted) – Loss of $0.46 per share to loss of $0.44 per share.