Box Inc. (NYSE: BOX) reported profit for the first quarter of 2021, compared to a loss last year, aided by an increase in revenues. The results also exceeded Wall Street’s prediction and the company’s stock gained on Wednesday evening.
On an adjusted basis, the tech firm posted earnings of $0.10 per share, compared to a loss of $0.03 per share in the corresponding period of last year. Analysts were looking for a lower profit. On a reported basis, it was a net loss of $25.55 million or $0.17 per share, compared to a loss of $36.83 million or $0.25 per share last year.
The improvement in the bottom-line performance reflects an increase in revenues to $183.56 million from $162.97 million a year earlier. Revenues also topped the Steet view.
Shares of Box rose sharply during Wednesday’s extended trading after closing the regular session higher. The stock has gained 13% since the beginning of the year and 6% in the past twelve months.
Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Friday reported strong revenue and earnings growth for the third quarter. The numbers also beat Wall Street's forecast. Third-quarter revenues
The Goldman Sachs Group, Inc. (NYSE: GS) reported third quarter 2021 earnings results today. Revenues increased 26% year-over-year to $13.61 billion. Net earnings applicable to common shareholders increased 63% YoY
The PNC Financial Services Group, Inc. (NYSE: PNC) reported third-quarter 2021 earnings results today. Revenues were up 21% year-over-year to $5.1 billion compared to the previous year. Net income attributable