REDWOOD CITY, Calif. (AP) _ Box Inc. (BOX) on Wednesday reported a loss of $30.4 million in its fiscal fourth quarter.
The Redwood City, California-based company said it had a loss of 20 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 7 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The online storage provider posted revenue of $183.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $181.5 million.
For the year, the company reported that its loss widened to $144.3 million, or 98 cents per share. Revenue was reported as $696.3 million.
For the current quarter ending in May, Box expects its per-share earnings to range from 4 cents to 6 cents.
The company said it expects revenue in the range of $183 million to $184 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $73.6 million.
Box expects full-year earnings in the range of 38 cents to 44 cents per share, with revenue ranging from $771 million to $777 million.
Box shares have declined 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.96, a fall of 39% in the last 12 months.