REDWOOD CITY, Calif. (AP) _ Box Inc. (BOX) on Wednesday reported a loss of $39.3 million in its fiscal second quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 30 cents. Losses, adjusted for stock option expense and amortization costs, came to 11 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The online storage provider posted revenue of $122.9 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $121.6 million.
For the current quarter ending in November, Box expects its results to range from a loss of 14 cents per share to a loss of 13 cents per share.
The company said it expects revenue in the range of $128 million to $129 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $73.6 million.
Box expects full-year results to range from a loss of 46 cents per share to a loss of 44 cents per share, with revenue ranging from $503 million to $506 million.
Box shares have risen 42 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.62, a climb of 47 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOX at https://www.zacks.com/ap/BOX
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Keywords: Box, Earnings Report
