Ugly Batch of Tech Earnings Sends Shares Tumbling After Hours
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Box Inc. and Booking Holdings Inc. were among a handful of technology and internet companies whose disappointing earnings reports sent shares tumbling in post-market trading.
Cloud-storage provider Box lost as much as a quarter of its value after forecasting annual revenue that trailed the lowest analyst estimate. Booking Holdings sank 10 percent after the online travel agent projected lower-than-expected profit in the first quarter amid higher spending. Fitbit Inc., HP Inc. and Square Inc. also fell after financial reports.