Tech Five: Box shares sink off earnings

January 19 03:59 2016

Shares of cloud computing company Box are plunging following third quarter earnings. Meanwhile, buzz still surrounds Yahoo off reports of a possible sale.Wireless Gains Help Verizon In Earning More Profit

Box. Shares sunk more than 4% in morning trading after the company beat third quarter revenue estimates with $78.7 million. Box also reported a non-GAAP net loss per share of 31 cents, falling in line with Wall Street forecasts. Box says its number of registered users has jumped to 41 million.

Yahoo. Wireless carriers including AT&T and Verizon, as well as tech giants Google and Microsoft could pop up as potential bidders for Yahoo’s core business, as its board reportedly weighs its next move.

Verizon. Hoping to draw new customers and spur upgrades, the wireless carrier launched a promotion offering 2 GB of bonus data for new or existing customers who add phones or upgrade their devices. Customers must have the company’s XL data plan or higher to be eligible.

Fitbit. The fitness band maker remains atop the wearables market based on global shipments, according to IDC. Fitbit commanded a 22% share during the third quarter, followed by Apple at 18.6%.

GrubHub. The food delivery service received a “buy” rating from Mizuho, reports CNBC. Shares of GrubHub are up more than 1% in morning trading.

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