
Investing.com -- Box upgraded its guidance on full-year earnings Tuesday after reporting fiscal first-quarter results that topped expectations.
Box Inc (NYSE:BOX) was up 3% in aftermarket hours following the report.
Box reported adjusted EPS of $0.32 on revenue of $251.9 million, ahead of estimates of $0.27 and $249.6M, respectively.
Billings in Q1 were $191.9M, a 11% increase from the same period a year earlier.
Looking ahead, the company said it now sees adjusted diluted EPS in the range of $1.44 to $1.50, up from guidance of $1.42 to $1.48. Analysts were expecting adjusted EPS of $1.44. Revenue was forecast in a range of $1.045 billion to $1.055B, compared with $1.050B to $1.060B previously.
For the second quarter, adjusted diluted EPS was expected to be in a range of $0.34 to $0.35 on revenue in a range of $260M to $262M.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.