Thursday, March 10, 2016

Box Shares Soar As Sales Rise 36 Percent On Shrinking Losses | Re/code

A+ for managing expectations

"Shares of cloud storage and collaboration company Box rose by 11 percent in after-hours trading as the company posted fourth quarter results that were better than what analysts expected.

Box shares rose $1.38 to $13.90 after posting a per-share loss of 26 cents on revenue of $87 million. Analysts had forecast a loss of 29 cents a share and sales of $81.8 million. The company also finished its fiscal year with revenue of $303 million, up 40 percent year-on-year, and an operating loss of $201 million which ballooned from a $166.6 million operating loss in 2015."
Box Shares Soar As Sales Rise 36 Percent On Shrinking Losses | Re/code
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