Dropbox, Inc. (NASDAQ:DBX) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DBX to report 3Q20 income of $ 0.18 per share.
For the full year, analysts anticipate top line of $ 1899.77 million, while looking forward to income of $ 0.78 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 481.00 million ~ $ 484.00 million
Full Year 2020 topline are forecasted in a range of$ 1,891.00 million ~ $ 1,901.00 million
Click Here For More Historical Outlooks Of Dropbox, Inc.
Previous Quarter Performance
Dropbox, Inc. reported income for the second quarter of $ 0.22 per share, from the revenue of $ 467.40 million. The quarterly earnings gained 120.00 percent while revenues swell 16.41 percent compared with the same quarter last year.
According to street consensus, DBX was expected to report 2Q20 income of $ 0.17 per share from revenue of $ 465.29 million. The bottom line results beat street analysts by $ 0.05 or 29.41 percent, at the same time, top line results outshined analysts by $ 2.11 million or 0.45 percent.
Stock Performance
Shares of Dropbox, Inc. traded up $ 0.35 or 1.92 percent on Wednesday, reaching $ 18.55 with volume of 8.37 million shares. Dropbox, Inc. has traded high as $ 18.99 and has cracked $ 18.45 on the downward trend
The closing price of $ 18.55, representing a 25.09 % increase from the 52 week low of $ 14.55 and a 24.61 % decrease over the 52 week high of $ 24.14.
The company has a market capital of $ 7.67 billion and is part of the Technology sector and Software – Infrastructure industry.
Conference Call
Dropbox, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.dropbox.com
Dropbox, Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its Website or app, as well as upgrade to a paid subscription plan for premium features.
