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Dropbox: Q2 Earnings Snapshot
By AP News - Aug 08, 2024, 05:03 PM ET
Last Updated - Aug 08, 2024, 05:04 PM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Dropbox Inc. (DBX) on Thursday reported second-quarter profit of $110.5 million.
The San Francisco-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, were 60 cents per share.
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The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The online file-sharing company posted revenue of $634.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $629.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DBX at https://www.zacks.com/ap/DBX
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