Dropbox stock advances after earnings, revenue beat expectations

Shares of Dropbox Inc. DBX were rising 7% in after-hours trading Thursday after the technology company, which provides storage and collaboration tools, exceeded profit and revenue expectations for the latest quarter. The company logged first-quarter net income of $69 million, or 20 cents a share, compared with $80 million, or 21 cents a share, a year prior.

DBX were rising 7% in after-hours trading Thursday after the technology company, which provides storage and collaboration tools, exceeded profit and revenue expectations for the latest quarter. The company logged first-quarter net income of $69 million, or 20 cents a share, compared with $80 million, or 21 cents a share, a year prior. On an adjusted basis, Dropbox posted earnings per share of 42 cents, up from 38 cents a year before and ahead of the 36-cent FactSet consensus.

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