Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of Box Inc. (BOX) Q1 2021 Earnings Report

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.

Box Q1 2021 Earnings Infographic

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.

Most Popular

Netflix (NFLX): Four reasons why this leader will not be easy to overthrow

Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also

Fastenal (FAST) sees strong post-COVID prospects: Is the stock a buy?

The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,

HEXO Corp. (HEXO) Earnings: 3Q21 Key Numbers

HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5

Add Comment
Viewing Highlight