Dropbox (DBX) Tops Q3 EPS by 2c

Dropbox (NASDAQ: DBX) reported Q3 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $428.2 million versus the consensus estimate of $423.48 million.

“We had a strong Q3 highlighted by 19% top line growth and margin expansion,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. “We’re excited about the early momentum we’ve seen with our new desktop app — millions are already using it since it was made generally available on September 25. Together with the launch of Dropbox Spaces, we’re making great progress towards building the world\'s first smart workspace where people can focus on the work that matters.”

For earnings history and earnings-related data on Dropbox (DBX) click here.

You May Also Be Interested In

• Iridium Communications (IRDM) Reports In-Line Q1 EPS; offers outlook
• Ally Financial (ALLY) Tops Q1 EPS by 11c, Beats on Revenue
• Infosys shares fall as fourth-quarter revenue misses views