Market Overview

Box Expected To Report Narrower Net Loss

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Shares of Box Inc (NYSE: BOX) were down more than 4 percent on Tuesday. The company’s first quarter (fiscal 2016) financial results are scheduled for release after Wednesday's closing bell.

The company has been struggling for profitability. However, it is expected to deliver its strongest quarter so far. According to Estimize, experts are modeling a consensus net loss of ($0.31) per share on revenue of $63.62 million. Meanwhile, the crowd is projecting a net loss of ($0.31) per share on slightly higher revenue of $63.96 million.

These estimates imply a 22.5 percent year-over-year growth in earnings (or reduction in losses) and a 40 percent increase in revenue.

The company missed estimates in the last quarter, mainly on the back of higher than expected investments.

The company said it expects to report revenue of $63 or $64 million, and a non-GAAP operating loss representing 56 to 58 percent of revenue.

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