Box: Fiscal Q3 Earnings Snapshot

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Box Inc. (BOX) on Tuesday reported fiscal third-quarter net income of $12.1 million.

The Redwood City, California-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 31 cents per share.

The online storage provider posted revenue of $301.1 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $298.4 million.

For the current quarter ending in January, Box expects its per-share earnings to be 33 cents.

The company said it expects revenue in the range of $304 million for the fiscal fourth quarter.

Box expects full-year earnings to be $1.28 per share, with revenue expected to be $1.18 billion.

Box shares have decreased 4.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.17, a decrease of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOX at https://www.zacks.com/ap/BOX