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REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Box Inc. (BOX) on Tuesday reported fiscal second-quarter profit of $20.5 million.
On a per-share basis, the Redwood City, California-based company said it had profit of 10 cents. Earnings, adjusted for one-time gains and costs, were 44 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The online storage provider posted revenue of $270 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $269.2 million.
For the current quarter ending in October, Box expects its per-share earnings to range from 41 cents to 42 cents.
The company said it expects revenue in the range of $274 million to $276 million for the fiscal third quarter.
Box expects full-year earnings in the range of $1.64 to $1.66 per share, with revenue expected to be $1.09 billion.
Box shares have risen 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.81, a fall of roughly 6% 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