Dropbox (DBX) Tops Q3 EPS by 8c

November 5, 2020 4:38 PM EST

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Dropbox (NASDAQ: DBX) reported Q3 EPS of $0.26, $0.08 better than the analyst estimate of $0.18. Revenue for the quarter came in at $487.4 million versus the consensus estimate of $483.64 million.

"In Q3, we saw momentum across the business with strong operating income, profitability, and free cash flow," said Dropbox Co-founder and Chief Executive Officer Drew Houston. "Our margin expansion demonstrates the strength of our business model and execution against our long-term targets. We believe the opportunity to redesign work has never been bigger, and now, as a Virtual First company, we'll truly live our mission as we build better products for distributed teams."

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

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