Recap: Box Q3 Earnings

Box BOX reported its Q3 earnings results on Tuesday, November 30, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

Box beat estimated earnings by 4.76%, reporting an EPS of $0.22 versus an estimate of $0.21, which did not surprise analysts.

Revenue was up $28,041,000.00 from the same period last year.

Last quarter the company beat on EPS by $0.03, which was followed by a 1.95% drop in the share price the next day.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Box management provided guidance for their next quarter, expecting earnings between $0.2 and $0.21 per share for the nextquarter.

This represents a -6.82% in quarter-over-quarter growth for Box, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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