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Box Inc. (BOX) Is Losing Ground After Guidance Disappoints

Box Inc. (BOX) reported a second quarter non-GAAP loss of $0.07 per share after the bell Tuesday, compared to the loss of $0.11 per share last year. Street expectations were for a loss of $0.06 per share.

The company expects to report a third quarter non-GAAP loss of $0.08 to $0.07 per share and a non-GAAP loss of $0.18 to $0.16 per share for the full year 2019. The consensus estimates are for losses of $0.06 and $0.18. The stock is now down 1 point on 584K shares.

Box climbed during the first hour of trade Tuesday, before settling into a range. The stock closed up by 0.61 at $26.61.

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