Recap: Box Q1 Earnings

Box BOX reported its Q1 earnings results on Wednesday, May 25, 2022 at 04:00 PM.

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

Box missed estimated earnings by 8.0%, reporting an EPS of $0.23 versus an estimate of $0.25.

Revenue was up $35.99 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 2.12% increase in the share price the next day.

Here's a look at Box's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.23	0.21	0.18	0.17
EPS Actual	0.24	0.22	0.21	0.18
Revenue Estimate	228.79M	218.49M	212.45M	200.48M
Revenue Actual	233.36M	224.04M	214.49M	202.44M

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 FY 2023, expecting earnings between $1.11 and $1.15 per share.

To track all earnings releases for Box visit their earnings calendar here.

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