Box (BOX) Reports Q2: Everything You Need To Know Ahead Of Earnings
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Cloud content management platform Box BOX will be announcing earnings results this Tuesday after the bell. Here's what investors should know. Box beat analysts' revenue expectations last quarter, reporting revenues of $305.9 million, up 10.7% year on year. It was a mixed quarter for the company, with a decent beat of analysts' billings estimates. Is Box a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Box's revenue to grow 8.6% year on year, in line with the 8.9% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Box has a history of exceeding Wall Street's expectations. Looking at Box's peers in the productivity software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Dropbox posted flat year-on-year revenue, beating analysts' expectations by 0.7%, and SoundHound AI reported revenues up 45%, topping estimates by 18.1%. Dropbox's stock price was unchanged after the resultswhile SoundHound AI was up 10.1%. Read our full analysis of Dropbox's results here and SoundHound AI's results here. There has been positive sentiment among investors in the productivity...
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