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Box Results Beat Views, And Outlook Is In Line, But Shares Slip

Box Results Beat Views, And Outlook Is In Line, But Shares Slip

Box reported an adjusted first-quarter loss of 7 cents a share, narrowing its loss from a year ago, with revenue rising 20% to $140.5 million, just above consensus estimates. For the July quarter, Box forecast revenue of $146.5 million vs. estimates of $146 million.