Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Box Inc beats quarterly sales estimates

12/01/2020 | 04:40pm EST

(Reuters) - Box Inc beat quarterly sales expectations on Tuesday as remote work and learning during the COVID-19 pandemic drove demand for its file-sharing services.

Millions of professionals are already working remotely and several companies have extended work-from-home until the end of next year, spurring demand for online workplace tools.

Box, which competes with Dropbox Inc and Microsoft Corp's OneDrive, reported third-quarter revenue of $196 million, above analysts' estimates of $194.3 million, according to IBES data from Refinitiv.

The content management platform reported a net loss of $5.3 million, or 3 cents per share, compared with a loss of $40.9 million, or 28 cents per share, a year earlier.

(Reporting by Munsif Vengattil and Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BOX, INC. 0.00% 18 Delayed Quote.-0.28%
MICROSOFT CORPORATION -0.17% 212.65 Delayed Quote.-4.23%
Latest news "Economy & Forex"
05:56pBritain invites G7 leaders to Cornish resort for June summit
RE
05:30pBritain invites G7 leaders to Cornish resort for June summit
RE
04:45pFacebook to ban ads promoting weapon accessories, protective gear in U.S.
RE
04:23pCanada's Couche-Tard to explore partnership opportunities with Carrefour, after takeover plan fails
RE
02:41pGoldman Sachs nudges U.S. growth forecast higher on Biden stimulus plan
RE
02:01pFrance reports 21,406 new confirmed covid-19 cases in past 24 hours, from 21,271 on friday - public health authority
RE
01:45pALIMENTATION COUCHE TARD : Couche-Tard and Carrefour seek cooperation after takeover scrapped - BFM TV
RE
01:43pLibya talks make progress towards new temporary government, U.N. says
RE
01:26pU.S. CDC Reports Total Deaths Of 390,938 Due To Coronavirus As Of Yesterday Versus 387,255 In Previous Report On Jan 15
RE
01:21pDistrust, division and doubt cloud Palestinian election call
RE
Latest news "Economy & Forex"