Box: Fiscal Q4 Earnings Snapshot

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Box Inc. (BOX) on Tuesday reported fiscal fourth-quarter profit of $99.2 million.

The Redwood City, California-based company said it had profit of 57 cents per share. Earnings, adjusted for one-time gains and costs, came to 42 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The online storage provider posted revenue of $262.9 million in the period, which met Street forecasts.

For the year, the company reported profit of $99.1 million, or 67 cents per share. Revenue was reported as $1.04 billion.

For the current quarter ending in April, Box expects its per-share earnings to range from 35 cents to 36 cents.

The company said it expects revenue in the range of $261 million to $263 million for the fiscal first quarter.

Box expects full-year earnings in the range of $1.53 to $1.57 per share, with revenue ranging from $1.08 billion to $1.09 billion.

Box shares have increased slightly more than 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $27.25, a decrease of 4% 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