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Why Are Dropbox (DBX) Shares Soaring Today
Yahoo Finance· 2025-11-07 21:06
What Happened? Shares of cloud storage company Dropbox (NASDAQ:DBX) jumped 9.7% in the afternoon session after the company reported better-than-expected third-quarter financial results that showcased strong profitability. Dropbox posted revenue of $634.4 million, which was flat compared to the same period last year but surpassed analyst forecasts. The company's profitability showed significant improvement, with adjusted earnings of $0.74 per share beating Wall Street's expectations by 14.1%. Additionally, ...