Box Lifts Its Guidance as Integrations Pull in New Customers
Cloud content management platform Box Inc (NYSE: BOX) revealed fiscal third-quarter 2020 results on Tuesday after the conclusion of trading. Similar to last quarter, the company controlled its rate of operating expense growth while generating double-digit revenue expansion, which kept year-over-year losses from expanding. In addition, management increased the company's full-year guidance with one quarter remaining in the fiscal year. Shareholders responded enthusiastically, pushing shares higher by 7% at midday on Wednesday. As we unpack the details of the quarter, note that all comparative numbers that follow refer to those of the prior-year quarter.
Data source: Box Inc. EPS = earnings per share.
Image source: Getty Images.
Source Fool.com
