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Discount applies to orders placed in a FedEx Office store or through FedEx Office® Print Online from 11/7/22 to 11/14/22. The shares were hurt by the announcement that COO Dennis Woodside was stepping down from the company.ĭropbox rival Box (BOX) is scheduled to report third-quarter earnings on Wednesday, November 28.*Get 25% off print orders of $50 or more, before taxes, using promo code TOP714.
The stock is almost down 18% in the past four months.ĭropbox Q2 results beat estimates stock falls on COO’s resignationĭuring the prior sequential quarter, the company’s stock had tumbled 6% during the after-market hours despite posting narrower losses on a 27% jump in revenue. Shares of the San Francisco, California-based company has fallen over 15% since its first day’s closing price. Meanwhile, ARPU rose to $118.60 from $112.05 for the same period last year. Paying users totaled 12.3 million, as compared to 10.4 million in the year-over period. Combined with our ecosystem of best-in-class partners, Dropbox is becoming an even more central part of our customers’ workflows.” On a reported basis, net loss narrowed to 1 cent per share, compared to 7 cents per share a year ago.ĭBX shares jumped 8.8% following the earnings announcement.Ĭhief Executive Officer Drew Houston said, “We delivered another quarter of strong execution in Q3, driving healthy top-line growth and expanding free cash flow margins. Analysts had expected the top-line to reach just $352.18 million.Īdjusted earnings stood at $0.11 per share, higher than $0.06 per share expected by Wall Street. Dropbox (DBX), which went public in March this year, reported third-quarter revenue that jumped 26% to $360.3 million, helped by a 6% increase in average revenue per user (ARPU).
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