News . Data . Research
Categories AlphaGraphs, Earnings, Technology
Cloud service provider Dropbox, Inc. (NASDAQ: DBX) reported stronger-than-expected earnings and revenues for the first quarter of 2022. The company’s stock made modest gains soon after the announcement.
Dropbox (DBX) Q1 2022 earnigns infographic
First-quarter earnings, excluding special items, rose to $0.38 per share from $0.35 per share in the corresponding period of last year. Analysts had predicted a slower growth. On a reported basis, net profit was $79.7 million or $0.21 per share, compared to $47.6 million or $0.12 per share in the first quarter of 2021.
The bottom line benefited from a 10% increase in revenues to $562.4 million, which also exceeded the consensus forecast.
Read management/analysts’ comments on Dropbox’s Q1 results
Shares of Dropbox ended Thursday’s trading lower but gained during the extended session. The stock has lost about 23% in the past six months.
_________________________________________________________________________________________________________________
Stocks you may like:
Apple (AAPL) Stock
Microsoft (MSFT) Stock
Alphabet (GOOGL) Stock
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Shares of eBay Inc. (NASDAQ: EBAY) plunged 11% on Thursday, a day after the company reported its first quarter 2022 earnings results. While the top and bottom line numbers surpassed
Fast-food chain Domino’s Pizza (NYSE: DPZ) has reported a modest increase in revenues for the first quarter of 2022. However, the company’s net profit declined in double digits during the
Shopify Inc. (NYSE: SHOP) reported first quarter 2022 earnings results today. Total revenue grew 22% year-over-year to $1.2 billion. Net loss was $1.5 billion, or $11.70 per share, compared to
© 2020 AlphaStreet Inc. All Rights Reserved
[email protected]
44053 Fremont Blvd,
Fremont, CA 94538

source