Dropbox, Inc Q3 Profit Increases, Beats Estimates

(RTTNews) - Dropbox, Inc (DBX) revealed earnings for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $123.8 million, or $0.47 per share. This compares with $106.7 million, or $0.34 per share, last year.

Excluding items, Dropbox, Inc reported adjusted earnings of $196.7 million or $0.74 per share for the period.

Analysts on average had expected the company to earn $0.65 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 0.7% to $634.4 million from $638.8 million last year.

Dropbox, Inc earnings at a glance (GAAP) :

-Earnings: $123.8 Mln. vs. $106.7 Mln. last year. -EPS: $0.47 vs. $0.34 last year. -Revenue: $634.4 Mln vs. $638.8 Mln last year.