Box: Fiscal Q2 Earnings Snapshot

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Box Inc. (BOX) on Tuesday reported fiscal second-quarter profit of $19.2 million.

On a per-share basis, the Redwood City, California-based company said it had net income of 9 cents. Earnings, adjusted for one-time gains and costs, came to 40 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 40 cents per share.

The online storage provider posted revenue of $321.1 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $319 million.

For the current quarter ending in October, Box expects its per-share earnings to be 39 cents.

The company said it expects revenue in the range of $329 million for the fiscal third quarter.

Box shares have increased 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.90, a rise of roughly 5% 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