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Dropbox Inc.
DBX, + 0.39%
released adjusted earnings and higher than expected Wall Street revenue on Thursday night. Dropbox shares fell more than 2% after trading hours. The software company reported net losses of $ 9.5 million in the fourth quarter, or 2 cents per share, compared with losses of $ 37 million, or 19 cents per share, over the same period of the year. Previous exercice. After adjusting for stock-based compensation, earnings were 10 cents per share, up from 3 cents a share a year ago. Revenues increased 23% to $ 375.9 million. Analysts surveyed by FactSet had estimated adjusted earnings at 8 cents a share for a $ 370 million business figure. For the first quarter, analysts model an adjusted profit of 10 cents per share on a $ 378 million business figure. Dropbox will post information about his teleconference, which will begin at 5 pm Eastern Time. Dropbox's stock dropped 9.8% in the last six months, with the S & P 500 Index
SPX, -0.35%
down 2.7%.
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