Box (BOX) Tops Q4 EPS by 2c
Get Alerts BOX Hot Sheet
Join SI Premium – FREE
Box (NYSE: BOX) reported Q4 EPS of ($0.06), $0.02 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $136.7 million versus the consensus estimate of $136.71 million.
Outlook
Please note, the outlook provided below is based on both the new revenue recognition standard (“ASC 606”) and the prior revenue recognition standard (“ASC 605”). Box is adopting ASC 606 beginning with its fiscal year 2019 using the modified retrospective transition method.
For the quarter ending April 30, 2018:
- Under ASC 606, revenue would be expected to be in the range of $139 million to $140 million.
- Under ASC 605, the prior revenue recognition standard, revenue would be expected to be in the range of $142 million to $143 million.
- Under ASC 606, GAAP and non-GAAP basic and diluted earnings per share would be expected to be in the range of ($0.28) to ($0.27) and ($0.09) to ($0.08), respectively, based on the expected weighted average basic and diluted shares outstanding of approximately 139 million.
- Under ASC 605, GAAP and non-GAAP basic and diluted earnings per share would be expected to be in the range of ($0.28) to ($0.27) and ($0.09) to ($0.08), respectively, based on the expected weighted average basic and diluted shares outstanding of approximately 139 million.
For the year ending January 31, 2019:
- Under ASC 606, revenue would be expected to be in the range of $602 million to $608 million.
- Under ASC 605, the prior revenue recognition standard, revenue would be expected to be in the range of $613 million to $619 million.
- Under ASC 606, GAAP and non-GAAP basic and diluted earnings per share would be expected to be in the range of ($1.02) to ($0.98) and ($0.20) to ($0.16), respectively, based on the expected weighted average basic and diluted shares outstanding of approximately 141 million.
- Under ASC 605, GAAP and non-GAAP basic and diluted earnings per share would be expected to be in the range of ($1.10) to ($1.06) and ($0.28) to ($0.24), respectively, based on the expected weighted average basic and diluted shares outstanding of approximately 141 million.
For earnings history and earnings-related data on Box (BOX) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BayCom Corp (BCML) Misses Q1 EPS by 4c
- Endexx Corporation (EDXC) Reports Q1 Loss of $0.01
- P.A.M. Transportation Services (PTSI) Misses Q1 EPS by 9c
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!