Box Posts Upbeat Results, Outlook Disappoints; Insider Confidence Boosts Beyond Air
- August 29th, 2023
- 452 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%)
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