NewsFeeder
05-11-2018, 06:00 AM
Dropbox earnings beat expectations after IPO, but stock still dips
Dropbox Inc. didn’t produce the blowout Wall Street wanted in its first quarter as a public company, but still beat expectations in its debut earnings report. Earnings, adjusted for $418.7 million in stock compensation related to the initial public offering, came in at 8 cents a share, double the predicted 4 cents a share. Sales too were above the FactSet consensus estimate as the company logged $316.3 million in first-quarter revenue.
https://finance.yahoo.com/m/8155ec52-05ae-3f8a-b14b-2cc608d17a60/dropbox-earnings-beat.html?.tsrc=rss
Dropbox Inc. didn’t produce the blowout Wall Street wanted in its first quarter as a public company, but still beat expectations in its debut earnings report. Earnings, adjusted for $418.7 million in stock compensation related to the initial public offering, came in at 8 cents a share, double the predicted 4 cents a share. Sales too were above the FactSet consensus estimate as the company logged $316.3 million in first-quarter revenue.
https://finance.yahoo.com/m/8155ec52-05ae-3f8a-b14b-2cc608d17a60/dropbox-earnings-beat.html?.tsrc=rss