Box nears $1 billion run-rate, beats on earnings

📆 01/12/2022 05:24 ص
📰 MarketWatch

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Box reported fiscal third-quarter revenue of $249.9 million, up 12% from $224 million a year ago. Earnings were $9.9 million, or 3 cents a share, compared with a net loss of $13.9 million, or 12 cents a share, in the year-ago quarter.

Box Inc. came about as close to a $1 billion annual revenue run-rate as a company can get in the third quarter and executives promised to top it for the first time to wrap the year Wednesday.

Box offered fourth-quarter revenue guidance of between $255 million and $257 million. Analysts polled by FactSet are projecting $259.3 million. Analysts surveyed by FactSet had expected adjusted earnings of 30 cents a share on revenue of $251.3 billion.

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