REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Box Inc. (BOX) on Tuesday reported fiscal fourth-quarter earnings of $81.7 million.
On a per-share basis, the Redwood City, California-based company said it had profit of 47 cents. Earnings, adjusted for one-time gains and costs, were 49 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The online storage provider posted revenue of $305.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $304 million.
For the year, the company reported profit of $115.4 million, or 58 cents per share. Revenue was reported as $1.18 billion.
For the current quarter ending in April, Box expects its per-share earnings to be 36 cents.
The company said it expects revenue in the range of $304 million for the fiscal first quarter.
Box expects full-year earnings to be $1.55 per share, with revenue expected to be $1.27 billion.
Box shares have decreased 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.92, a decrease of 27% 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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