LOS ALTOS, Calif. (AP) _ Box Inc. (BOX) on Wednesday reported a loss of $55.1 million in its fiscal third quarter.
The Los Altos, California-based company said it had a loss of 45 cents per share. Losses, adjusted for stock option expense and amortization costs, were 31 cents per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 31 cents per share.
The online storage provider posted revenue of $78.7 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $76.8 million.
For the current quarter ending in January, Box said it expects revenue in the range of $81 million to $82 million. Analysts surveyed by Zacks had expected revenue of $73.6 million.
The company expects full-year revenue in the range of $299 million to $300 million.