Why Shares of Dropbox Plunged 23.1% After Earnings
DBXDropbox(DBX) The Motley Fool·2024-02-17 04:24

Shares of cloud storage company Dropbox (DBX -23.92%) fell as much as 23.1% on Friday after the company reported earnings results. Shares were hitting their low around 3 p.m. ET. Results weren't all that bad for the fourth quarter, but investors are focused on guidance and analyst reactions today. Results and guidance for Dropbox Dropbox reported a 6% increase in revenue to 635millionandnetincomeof635 million and net income of 227.3 million, or 0.66pershare.NonGAAP(adjusted)earningspersharewere0.66 per share. Non-GAAP (adjusted) earnings per share were 0.50. This topped analy ...