Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Can Dropbox Maintain Its Post-Earnings Gains?

TheMotleyFool

0 0

Can Dropbox Maintain Its Post-Earnings Gains?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/8b396c5d-cf01-4937-89c4-91ad2f28f1ee.png

Dropbox's (NASDAQ: DBX) stock recently popped after it posted strong fourth-quarter numbers. The cloud storage service's revenue rose 19% annually to $446 million, beating estimates by $2.7 million.

Its non-GAAP net profit grew 59% annually to $67.4 million, or $0.16 per share, which beat estimates by two cents. On a GAAP basis, which includes stock-based compensation and other one-time charges, its net loss narrowed from $9.5 million to $6.6 million.

Those growth rates looked solid, but Dropbox remained below its IPO price of $21 per share. So will Dropbox's post-earnings pop finally lead to sustainable gains?

Source Fool.com

Like: 0

DBX

Share