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Box Posts Upbeat Results, Outlook Disappoints; Insider Confidence Boosts Beyond Air

  • August 29th, 2023
  • 264 views

Box, Inc. (NYSE: BOX), a cloud content management and file-sharing company, announced second-quarter fiscal 2024 earnings of $0.36 per share, surpassing the consensus EPS estimate of $0.35. The company's quarterly sales reached $261.43 million, slightly exceeding analysts' projected revenue of $261.12 million.

However, Box anticipates Q3 fiscal 2024 adjusted EPS to fall within the range of $0.37 to $0.38, with revenue expected to be between $261 million and $263 million. This projection contrasts with the consensus EPS estimate of $0.39 on revenue of $265.63 million for the period.

$BOX was trading at $28.51 in after-hours, down $2.29 (-7.44%).

In other news, Robert Carey, a Beyond Air, Inc.'s (Nasdaq: XAIR) director, disclosed in a regulatory filing FORM 4 with the SEC, the purchase of 250,000 shares of the company at an average price of $2.69

In after-hours, $XAIR was trading at $3.08, up $0.25 (+8.83%)

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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