REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Box Inc. (BOX) on Tuesday reported fiscal fourth-quarter net income of $194 million.
On a per-share basis, the Redwood City, California-based company said it had profit of $1.12. Earnings, adjusted for one-time gains and costs, came to 42 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The online storage provider posted revenue of $279.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $279 million.
For the year, the company reported profit of $201.6 million, or $1.36 per share. Revenue was reported as $1.09 billion.
For the current quarter ending in April, Box expects its per-share earnings to range from 25 cents to 26 cents.
The company said it expects revenue in the range of $274 million to $275 million for the fiscal first quarter.
Box expects full-year earnings in the range of $1.13 to $1.17 per share, with revenue expected to be $1.16 billion.
Box shares have increased 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.52, a rise of 20% 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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