Box Inc. (NYSE: BOX) reported third-quarter 2021 financial results after the regular trading hours on Tuesday. The internet company reported Q3 revenue of $196 million, up 11% year-over-year, and higher than the Wall Street projection. Meanwhile, net income of $0.20 per share was much better than what analysts had anticipated.
BOX shares fell 6.6% immediately following the announcement. The stock has gained 7% since the beginning of this year.
CFO Dylan Smith said, “Our focus on driving more efficient growth allowed us to significantly improve operating margins and cash flow in Q3. We now expect our non-GAAP operating margin for the full year to be at least 14 percent of revenue, a 1,300 basis point improvement from one percent a year ago.”
Unisys Corporation (NYSE: UIS) is one of the few tech firms that failed to take full advantage of the digital transformation wave spurred by the coronavirus. But the recent improvement
American Express Company (NYSE: AXP) reported fourth-quarter 2020 earnings results today. Consolidated revenues, net of interest expense, declined 18% to $9.3 billion, The quarter primarily reflected declines in Card Member
General Electric Company (NYSE: GE) reported fourth quarter 2020 earnings results today. Total revenues fell 16% year-over-year to $21.9 billion but came ahead of market estimates of $21.8 billion.