Box fourth quarter revenue up 20 percent, but stock down 22 percent after hours
https://techcrunch.com/2019/02/27/box-fourth-quarter-revenue-up-20-percent-but-stock-down-22-percent-after-hours/
By most common sense measurements, Box had a pretty good earnings report today, reporting revenue up 20 percent year over year to $163.7 million. That doesn’t sound bad, yet Wall Street was not happy with the stock getting whacked, down more than 22 percent after hours as we went to press. It appears investors were unhappy with the company’s guidance.
Part of the problem says Alan Pelz-Sharpe principle analyst at Deep Analysis, a firm that watches the content management space, is that the company failed to hit its projections, but he points out the future does look bright for the company.