Box Inc. (BOX) shares plummeted 5.15% in post-market trading on Tuesday, following the release of the company's fiscal first-quarter 2027 financial results and updated guidance.

The cloud content management company reported a strong first quarter, with non-GAAP earnings per share of $0.37, beating the FactSet consensus estimate of $0.36. Revenue for the quarter reached $306 million, also exceeding analyst expectations.

However, investor sentiment turned negative as the company issued its full-year fiscal 2027 outlook. Box expects non-GAAP diluted EPS of approximately $1.56, which falls slightly short of the FactSet consensus estimate of $1.57. While the company raised its full-year revenue guidance to about $1.28 billion, the EPS guidance miss and noted foreign exchange headwinds for the upcoming quarter appear to have driven the post-market sell-off.