REDWOOD CITY, Calif. (AP) _ Box Inc. (BOX) on Wednesday reported a loss of $36.2 million in its fiscal second quarter.
The Redwood City, California-based company said it had a loss of 25 cents per share. Earnings, adjusted for stock option expense, came to less than 1 cent on a per-share basis.
The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The online storage provider posted revenue of $172.5 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $169.5 million.
For the current quarter ending in November, Box said it expects revenue in the range of $174 million to $175 million. Analysts surveyed by Zacks had expected revenue of $73.6 million.
The company expects full-year results to range from a loss of $1.03 per share to earnings of 2 cents per share, with revenue ranging from $690 million to $692 million.
Box shares have fallen 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.81, a fall of 48% in the last 12 months.