12:26 PM EDT, 05/29/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

Box's (BOX) shares rose 8.4% in recent Wednesday trading, a day after the company reported fiscal Q1 non-GAAP earnings and revenue rose more than expected by analysts.

Fiscal Q1 earning rose to $0.39 per diluted share from $0.32 a year earlier., the company said late Tuesday. Analysts polled by Capital IQ expected $0.36.

Revenue in the quarter ended April 30 climbed to $264.7 million from $251.9 million a year earlier. Analysts surveyed by Capital IQ expected $262 million.

The company expects Q2 non-GAAP diluted EPS of $0.40 to $0.41 on revenue of $268 million to $270 million. Analysts polled by Capital IQ project EPS of $0.39 on revenue of $271.6 million.

The company expects fiscal 2025 non-GAAP diluted EPS of $1.54 to $1.58 on revenue of $1.075 billion to $1.08 billion. Analysts surveyed by Capital IQ project EPS of $1.58 on revenue of $1.08 billion.

Price: 27.13, Change: +2.09, Percent Change: +8.35