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Box Inc. (BOX) Is Heading Lower After Q1 Loss

Box Inc. (BOX) reported a first quarter adjusted loss of $0.07 after the close Wednesday, compared to the loss of $0.13 a year ago. Analysts expected a loss of $0.08. The company expects to report a second quarter loss of $0.06 to $0.05 and a full year loss of $0.19 to $0.16. Street expectations are for losses of $0.07 and $0.19.

Box traded in a range for the majority of Wednesday's session and closed up by 0.53 at $27.78. The stock is now down 1.08 on 932K shares after the bell.

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