Box Shares Up 5% Following Q1 Earnings Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/BOX'>Box (NYSE: BOX)</a> shares rose around 5% today following the company’s reported Q1 results, with revenue growing 18% year-over-year to $238.4 million, beating the Street estimate of $234.56 million. EPS was $0.23, compared to the Street estimate of $0.25. </p>
<p>Analysts at Oppenheimer shared their views on the company following the earnings announcement. While the macro environment could add more variability to coming quarters, the analysts continue to believe the company's mature business model is better suited than most to manage through the headwinds, especially considering its strengthening value proposition with Box Shield and Sign, and new additions like Canvas.</p>
<p>The analysts are also comfortable with management’s ability to deliver operating margin improvement, while prudently investing in long-term opportunities.</p>
<p>The company provided its Q2/23 guidance, anticipating EPS to be in the range of $0.27-$0.28, compared to the Street estimate of $0.27, and revenue in the range of $244-246 million, compared to the Street estimate of $243.7 million.</p>
<p>Full 2023-year EPS is expected in the range of $1.11-$1.15, compared to the Street estimate of $1.13, and revenue in the range of $992-996 million, compared to the Street estimate of $993.5 million.</p>

NYSE:, BOX