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Dropbox Shares Rise 1.39% Ahead of Earnings Report
The stock outpaced the S&P 500 in its latest session, while Zacks estimates point to lower quarterly earnings and revenue.
Key takeaways
- Dropbox closed at $34.37, up 1.39% for the session.
- Zacks projects quarterly earnings per share of $0.73 and revenue of $628.6 million.
Dropbox shares closed at $34.37, up 1.39% in the latest session. The S&P 500 gained 0.66%.
Over the past month, the stock fell 2.67%, while the Computer and Technology sector rose 6.36% and the S&P 500 added 0.55%.
Ahead of the company’s upcoming earnings report, Zacks Consensus Estimates project earnings of $0.73 per share, down 1.35% from a year earlier. The revenue estimate is $628.6 million, a 0.92% decline.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
