Dropbox (DBX) Tops Q1 EPS by 6c

Dropbox (NASDAQ: DBX) reported Q1 EPS of $0.08, $0.06 better than the analyst estimate of $0.02. Revenue for the quarter came in at $316.3 million versus the consensus estimate of $308.7 million.

“2018 has already been a banner year for Dropbox, and we\'re proud of our strong first quarter as a public company,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. “Growth in paying users and increased adoption of premium plans helped drive first quarter revenue of $316 million, up 28% year-over-year. We continued to add value to our platform with new product features, and enhanced our ecosystem through partnerships with Salesforce and Google. Our team is focused on building a great business for the long-term, and we’re excited for the opportunities ahead of us.”

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

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