Box (NYSE:BOX) Misses Q3 Revenue Estimates, Stock Drops
Cloud content storage and management platform Box (NYSE:BOX) reported results in line with analysts' expectations in Q3 FY2024, with revenue up 4.6% year on year to $261.5 million. The company expects next quarter's revenue to be around $263 million, slightly below analysts' estimates. It made a non-GAAP profit of $0.36 per share, improving from its profit of $0.31 per share in the same quarter last year.