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AP National Business

Dropbox: Q4 Earnings Snapshot

KION
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Published 1:21 PM

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.

For the year, the company reported profit of $553.2 million, or $1.52 per share. Revenue was reported as $2.32 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

Article Topic Follows: AP National Business

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