Dropbox stock rises after earnings beat consensus estimates

📆 10/5/2019 7:06 AM
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Dropbox Inc. stock rose 3.5% in the extended session Thursday, after the company reported first-quarter adjusted earnings and revenue that topped analyst...

Dropbox Inc. DBX, -1.86% stock rose 3.5% in the extended session Thursday, after the company reported first-quarter adjusted earnings and revenue that topped analyst estimates. The company reported first-quarter net losses of $7.7 million, or 2 cents a share, compared with losses of $465.5 million, or $2.13 a share, in the year-ago period. Adjusted for stock-based compensation, among other items, earnings were 10 cents a share. Revenue rose 22% to $385.6 million from $316.

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