Dropbox: Q4 Earnings Snapshot
By AP News
Published - Feb 16, 2023, 04:24 PM ET
Last Updated - Jun 22, 2023, 09:09 PM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Dropbox Inc. (DBX) on Thursday reported fourth-quarter earnings of $328.3 million.
On a per-share basis, the San Francisco-based company said it had net income of 93 cents. Earnings, adjusted for one-time gains and costs, came to 40 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The online file-sharing company posted revenue of $598.8 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $593.8 million.
