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  • Dropbox falls as charge on real estate in shift to remote leads to wider quarterly net loss

    16 days ago - By Business Insider

    Summary List Placement Dropbox stock fell as much as 5% Friday, with the cloud-storage provider turning in a fourth-quarter net loss as a shift to remote work led to a charge related to real estate.
    The company's net loss was $345.8 million, wider than its loss of $6.6 million a year ago and a swing from profit of $32.7 million in the third quarter.
    Shares of Dropbox fell as much as nearly 5% to $23.31. It's added on nearly 10% during the year and 8.5% over the last 12 months.
    Dropbox recorded a non-recurring impairment charge of $398.2 million in the fourth quarter for "right-of-use and...
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  • Dropbox falls as charge on real estate in shift to remote leads to wider quarterly net loss

    Dropbox falls as charge on real estate in shift to remote leads to wider quarterly net loss

    16 days ago - By Business Insider

    Dropbox CEO Drew Houston
    Matt Winkelmeyer/Getty Images
    Dropbox fell as much as 5% on Friday after turning in a fourth-quarter net loss of $346 million.
    The company took a quarterly charge on real-estate assets following its shift to remote work during the COVID-19 outbreak.
    Dropbox's adjusted earnings of $0.28 per share beat expectations of $0.24 per share.
    Visit the Business section of Insider for more stories .
    Dropbox stock fell as much as 5% Friday, with the cloud-storage provider turning in a fourth-quarter net loss as a shift to remote work led to a charge related to real estate. The...
    Read more ...