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Box Inc. (BOX) Sank To A 5-Month Low On Weak Q1 Revenue Guidance

Box Inc. (BOX) reported a fourth quarter non-GAAP loss of $0.06 per share after the bell Wednesday, compared to the loss of $0.10 per share last year. Revenues increased 24 percent to $136.7 million.

The company expects to report first quarter revenues of $139 million to $140 million. The consensus estimate is for revenues of $144.3 million.

Box gapped open sharply lower Thursday and dropped during the first half hour of trade. The stock sank further going into the close and finished with a loss of 5.61 at $18.45 on the highest volume of the year. Box sank to over a 5-month low.

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