Box shares fall over 20% on slowed growth

Box shares fall over 20% on slowed growth

6 years ago
Anonymous $gcegwZ91io

https://techcrunch.com/2018/03/01/box-shares-fall-over-20-on-concerns-over-slowed-growth/

Cloud storage provider Box started out the day Thursday down over 20% on the stock market. Shares traded as low as $19.11 in early hours of trading, down from a previous close of $24.07.

The company reported quarterly earnings after the bell on Wednesday, and while its losses of six cents per share surpassed analyst expectations of negative eight cents, investors were concerned about the outlook.