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Box Stock Jumps 12% On Quarterly Results

Shares of Box, Inc. (BOX), are gaining over 12% on Wednesday morning after the cloud content management platform company's third-quarter profit trumped Wall Street estimates by a penny.

BOX is currently trading at $26.36, up $2.95 or 12.60%, on the NYSE.

Third-quarter loss was $13.9 million or $0.12, wider than last year's loss of $5.3 million or $0.03 per share. On an adjusted basis, earnings for the quarter were $0.22 per share, up from $0.20 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.21 per share.

Revenues for the quarter was $224.0 million, up 14% from $196.0 million last year.

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