Dropbox: Q4 Earnings Snapshot

Associated Press Finance
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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Dropbox Inc. (DBX) on Thursday reported fourth-quarter net income of $227.3 million.

The San Francisco-based company said it had profit of 66 cents per share. Earnings, adjusted for one-time gains and costs, came to 50 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The online file-sharing company posted revenue of $635 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $630.8 million.

For the year, the company reported profit of $453.6 million, or $1.31 per share. Revenue was reported as $2.5 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DBX at https://www.zacks.com/ap/DBX

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