Categories AlphaGraphs, Earnings, Technology

Dropbox (DBX) Earnings: Highlights of Q1 2021 report

Cloud service provider Dropbox, Inc. (NASDAQ: DBX) Thursday reported stronger-than-expected earnings and revenues for the first quarter of 2021. The company’s stock gained soon after the announcement.

Dropbox Q1 2021 earnings infographic

First-quarter earnings, excluding special items, rose to $0.35 per share from $0.17 per share in the corresponding period of last year. Analysts had predicted a slower growth. On a reported basis, it was a net profit of $47.6 million or $0.12 per share, compared to $39.3 million or $0.09 per share in the first quarter of 2020.

The bottom line benefited from a 12% increase in revenues to $511.6 million, which also exceeded the consensus forecast.

Read management/analysts’ comments on Dropbox’s Q1 results

Shares of Dropbox closed Thursday’s regular trading lower but gained during the extended session after the announcement.

  • Dropbox reports Q2 2020 earnings results


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Mattel (MAT): A look at the toymaker’s expectations for the year

Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism

Earnings Preview: Paychex likely to report higher Q1 revenue and profit

Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has

DRI Earnings: Key quarterly highlights from Darden Restaurants’ Q1 2024 financial results

Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were

Add Comment
Viewing Highlight