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Dropbox crushes Wall Street expectations on earnings, but COO Dennis Woodside is stepping down

Becky Peterson   

Dropbox crushes Wall Street expectations on earnings, but COO Dennis Woodside is stepping down

Drew Houston

Drew Angerer / Getty

Dropbox CEO Drew Houston

Dropbox shot up 3% Thursday following a beat on Q2 2018 earnings. The company also announced that Chief Operating Officer Dennis Woodside is stepping down from his role.

Revenue for Q2 (GAAP): Dropbox reported $339.2 billion, up 27% from the year before. Analysts expected $330.9 million.

Earnings per share Q2 (adjusted): Dropbox reported earnings per share of $0.11. Analysts expected $0.0.7.

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