Box beat with revenues of $122.9 million, compared to analyst expectations of $121.92 million
Box, the file sharing and storage company, beat Wall Street targets for Q2 revenue on Wednesday, but not without a little kerfuffle.
While the company served up a weak financial forecast, its stock dropped disproportionately — possibly because of a widespread analyst error, which made it look like Box missed on revenue expectations.
Share of Box immediately sank 7% in the moments following its report, but regained some ground and are now down roughly 4% in after hours trading.
Here are the numbers. The analyst estimates are from Bloomberg.