Box lifts annual earnings guidance after Q1 results beat

Investing.com -- Box upgraded its guidance on full-year earnings Tuesday after reporting fiscal first-quarter results that topped expectations.

Box Inc (NYSE: BOX) was up 3% in aftermarket hours following the report.

Box reported adjusted EPS of $0.32 on revenue of $251.9 million, ahead of estimates of $0.27 and $249.6M, respectively.

Billings in Q1 were $191.9M, a 11% increase from the same period a year earlier.

Looking ahead, the company said it now sees adjusted diluted EPS in the range of $1.44 to $1.50, up from guidance of $1.42 to $1.48. Analysts were expecting adjusted EPS of $1.44. Revenue was forecast in a range of $1.045 billion to $1.055B, compared with $1.050B to $1.060B previously.

For the second quarter, adjusted diluted EPS was expected to be in a range of $0.34 to $0.35 on revenue in a range of $260M to $262M.

You May Also Be Interested In

• Cintas beats estimates but stock edges lower
• Piper Sandler Starts The Carlyle Group LP (CG) at Overweight
• UBS Starts Optima bank SA (OPTIMA:GA) at Buy