Benzinga | Aug 6, 2020 04:30PM EDT

Dropbox: Q2 Earnings Insights

Shares of Dropbox (NASDAQ:DBX) decreased 6.4% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 120.00% year over year to $0.22, which beat the estimate of $0.17.

Revenue of $467,400,000 up by 16.41% year over year, which beat the estimate of $465,290,000.

Looking Ahead

Dropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on its conference call, webcast, and on its investor relations website at http://investors.dropbox.com.

Conference Call Details

Date: Aug 06, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/wcb8i2nr

Recent Stock Performance

52-week high: $24.14

Company's 52-week low was at $14.55

Price action over last quarter: Up 1.10%

Company Overview

Dropbox provides cloud-based file storage, sharing, and project collaboration services for individuals and, to a lesser extent, enterprise customers. The company was founded in 2007 and offers a browser service, toolbars, and apps to upload, share, and sync files to the cloud that can be accessible across a number of devices and by a multitude of users. Dropbox allows users to store and access documents, videos, and photos.