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Dropbox COO Dennis Woodside is stepping down

CNBC
Dropbox COO Dennis Woodside is stepping down

Dropbox said on Thursday that its chief operating officer, Dennis Woodside, is stepping down. The company isn't naming a successor but is announcing two executive promotions. Dropbox stock rose and then fell more than 5 percent after the company also announced better-than-expected earnings for the second quarter. Dropbox will hold a conference call with analysts at 5 p.m. Eastern time. Here are the key numbers: Earnings: 11 cents per share, excluding certain items, vs. 6 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $339.2 million, vs. $330.9 million as expected by analysts, according to Thomson Reuters. Yamini Rangan, who joined Dropbox from Workday in 2016