The compan­y’s shares which had gained 10 per cent slippe­d 4 per centFile sharing and storage company Dropbox beat Wall Street expectations for quarterly results and topped estimates for paying subscribers in its first financial report as a publicly traded company. “(ARPU growth) does suggest Dropbox is having success converting individual paid users to business paid users,” D.A. Dropbox prices shares at $21 for Friday market debutDropbox’s quarterly loss widened to $465.5 million, as the company accounted for IPO-related expenses. On an adjusted basis, the company earned 8 cents per share, beating estimates of 5 cents. Total revenue rose 28 per cent to $316.3 million, above estimates of $309.2 million.

Source: The Express Tribune May 11, 2018 07:41 UTC