Shares of Box surge in extended trading as generative AI bets start paying off [Video]

Shares of the cloud content company Box Inc. rose in after-hours trading today after it delivered second-quarter financial results that surpassed estimates and it raised its full-year forecast.

The company reported earnings before certain costs such as stock compensation of 44 cents per share, easing past the analyst’s consensus estimate of 40 cents. Revenue for the period rose by just over 3%, to $270 million, just ahead of the Street’s guidance of $269.5 million.

The results were solid enough, and Box followed up by announcing that it’s raising its full-year guidance for fiscal 2025. It said it’s now forecasting total revenue of $1.086 billion and $1.09 billion, just ahead of the $1.08 billion analyst outlook. All told, Box delivered net income of $20.5 million in the quarter, up from $10.8 million one year ago.

In an interview with SiliconANGLE, Box Chief Executive Aaron Levie said the increased guidance is partly thanks to the weakening of the U.S. dollar versus the …