Box Inc (BOX) reported a profit for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $3.52 million, or $0.02 per share. This compares with $11.51 million, or $0.08 per share, last year.
Excluding items, Box Inc reported adjusted earnings of $45.24 million or $0.30 per share for the period.
Analysts on average had expected the company to earn $0.26 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.4% to $276.27 million from $264.66 million last year.
Box Inc earnings at a glance (GAAP) :
-Earnings: $3.52 Mln. vs. $11.51 Mln. last year.-EPS: $0.02 vs. $0.08 last year.-Revenue: $276.27 Mln vs. $264.66 Mln last year.
-Guidance:Next quarter EPS guidance: $0.30 - $0.31Next quarter revenue guidance: $290 - $291 MlnFull year EPS guidance: $1.22 - $1.26Full year revenue guidance: $1.165 - $1.170 Bln
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.