Dropbox (DBX) Tops Q4 EPS by 4c

Dropbox (NASDAQ: DBX) reported Q4 EPS of $0.28, $0.04 better than the analyst estimate of $0.24. Revenue for the quarter came in at $504.1 million versus the consensus estimate of $498.07 million.

“2020 was a transformational year for Dropbox and I’m proud of the team for their resilience and focus in addressing our customers’ evolving needs,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. “We ended the year with strong margin expansion, free cash flow, and more than $2B in ARR as we continued to make progress toward our long-term financial targets. Going into 2021, we’re focused on executing against our strategy and building essential products for the new era of distributed work.”

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

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Independent Bank receives regulatory approval for HCB Financial acquisition
• Sharon AI surges premarket; New Oriental gains, Medline slips