
Box Inc. reported its Q3 financial results, achieving revenue of $276 million, which reflects a 5% year-over-year increase and surpasses analyst expectations. The earnings per share (EPS) were reported at $0.45, exceeding the estimated $0.42. The company also provided guidance for Q4, projecting revenue of approximately $279 million, marking a 6% year-over-year growth. This guidance accounts for an expected foreign exchange headwind of about 90 basis points, equating to an impact of roughly $2 million. For the full fiscal year, Box anticipates total revenue of approximately $1.09 billion and an operating margin of 28%. The remaining performance metrics include a remaining performance obligation (RPO) of $1.282 billion, which is up 13% quarter-over-quarter. Despite these positive results, analysts remain cautious, with a target price set at $21.
Box reported $276 million in revenue, surpassing analyst expectations. Earnings of 45 cents per share exceeded the estimated 42 cents. However, analysts remain bearish with a target of $21. $RBC $PSCT $BOX $CLOU
$BOX (-2.6% pre) Box (NYSE:BOX) Reports Q3 In Line With Expectations - StockStory https://t.co/xeqcdkqYt3
Box Inc. ( $BOX) Q3: ╌EPS: $0.45 (vs. est. $0.42) ╌Revenue: $275.9M (up 5% y/y, vs. est. $275.1M) ╌RPO: $1.282B, up 13% q/q ╌FY25 EPS Guidance Raised to $1.70 ╌FY25 Revenue Guidance Narrows to $1.09B
