Box Inc (BOX) released earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $11.5 million, or $0.08 per share. This compares with $3.7 million, or $0.02 per share, in last year's first quarter.
Excluding items, Box Inc reported adjusted earnings of $0.39 per share for the period.
Analysts on average had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.1% to $264.7 million from $251.9 million last year.
Box Inc earnings at a glance (GAAP) :
-Earnings (Q1): $11.5 Mln. vs. $3.7 Mln. last year.
-EPS (Q1): $0.08 vs. $0.02 last year.
-Revenue (Q1): $264.7 Mln vs. $251.9 Mln last year.
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