Analysts had forecast Dropbox to report earnings of just 18 cents per share on revenue of $483.64 million. That was well ahead of Wall Street’s forecasts. Revenue came to $487.4 million, up 14% from the same quarter one year ago. The company, which sells cloud-based software that’s used by companies to sync and share files over the internet, reported a profit before certain costs such as stock compensation of 26 cents per share. Cloud storage company Dropbox Inc. may be wondering what it did wrong after seeing its stock fall today despite beating Wall Street’s targets with its third-quarter financial results.
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