(Bloomberg) — Box Inc. reported quarterly profit that easily beat Wall Street estimates, after the maker of file-sharing and collaboration software trimmed expenses. The stock rose more than 1% in extended trading.Earnings, excluding certain items, came in at 10 cents a share in the fiscal first quarter. Analysts were looking for 5 cents, on average, according to data compiled by Bloomberg. Sales rose 13% to $184 million, topping Wall Street projections.For the full fiscal year, Box forecast profit of 47 cents to 52 cents a share, compared with analysts’ estimates of 37 cents.Chief Executive Officer Aaron Levie has been under …read more
Source:: Yahoo Finance
