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Dropbox: Q4 Earnings Snapshot
By AP News - Feb 20, 2025, 04:33 PM ET
Last Updated - Feb 20, 2025, 04:33 PM EST
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Dropbox Inc. (DBX) on Thursday reported fourth-quarter net income of $102.8 million.
The San Francisco-based company said it had net income of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 73 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 62 cents per share.
The online file-sharing company posted revenue of $643.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $638.5 million.
For the year, the company reported profit of $452.3 million, or $1.40 per share. Revenue was reported as $2.55 billion.
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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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