It was another down day for treasury bonds, while U.S. equities as a whole posted losses yesterday. The S&P 500 Index was 0.3% lower, the Dow Jones Industrial Average grew by a fraction of a percentage and the Nasdaq Composite declined 1.1%.
Here’s how they did:
Box Inc (BOX)
Box shares fell 0.5% during regular trading hours, but managed to climb higher following the company’s quarterly earnings report.
The tech company revealed that its earnings came in at a loss of 14 cents per share on an adjusted basis, 17 cents better compared to the year-ago quarter. Wall Street was calling for an adjusted earnings loss of 19 cents per share.
Box now has more than 69,000 enterprise clients that it aids in keeping their products safe in the cloud. Free cash flow was negative at a loss of $10.9 million, but this figure was exponentially better than the $37.8 million it lost a year ago.
Deferred revenue came in at $192.6 million over the three-month period, marking a 36% increase compared to what Box posted a year ago. The company has managed to find its footing in a data storage industry that has no shortage of competitors.
BOX stock was 1.1% higher after the bell Wednesday.