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Box Inc. (BOX) Is Heading Lower After Q3 Loss Matched Expectations

Box Inc. (BOX) reported a third quarter loss of $0.13 per share after the bell Wednesday, compared to the loss of $0.14 per share in the prior year. The result was in line with analysts' expectations.

The company expects to report a fourth quarter loss of $0.08 to $0.07 per share and a full year loss of $0.45 to $0.44 per share. Street expectations are for a loss of $0.08 and a loss of $0.45. The stock is now down 1.44 on 352K shares.

Box declined for the majority of the morning Wednesday and ended the day with a loss of 0.85 at $21.94 on above average volume.

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