Box's stock is sinking after it served up a weak revenue forecast and missed Q2 targets

Box, the file sharing and storage company, missed Wall Street targets for Q2 revenue and served up a weak financial forecast on Wednesday.

Share of Box immediately sank 7% in the moments following its report, but regained some ground and are now down roughly 3% in after hours trading.

Here are the numbers:

  • Revenue (GAAP) — $US122.9 million. This is compared to analyst estimates of $US124.34 million.
  • Earnings per share (adjusted) — Loss of $US0.11 per share. This is compared to analyst estimates of a loss of $US0.13 per share.
  • Q3 projected revenues (GAAP) — range of $US128 million to $US129 million. This is compared to analyst projections of $US131.6 million.
  • Q3 projected earnings per share (adjusted) — Loss of $US0.14 per share to loss of $US0.13 per share. This is compared to the average analyst estimate of loss of $US0.13 per share.
  • Fiscal 2018 project revenues (GAAP) — $US503 million to $US506 million. This is compared to analyst projections of $US505.65 million.
  • Fiscal 2018 project earnings per share (adjusted) — Loss of $US0.46 per share to loss of $US0.44 per share. This is compared to analyst estimates of a loss of $US0.46 per share.

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