Shares of Dropbox Inc. (NASDAQ: DBX) fell 5.08% in the after-hours trading session on Thursday, ahead of the company's highly anticipated fourth-quarter earnings report. The cloud storage and collaboration platform is scheduled to release its financial results after the market closes on Thursday.
Dropbox's stock closed Thursday's regular trading session at $32.67, but declined to $31.01 in the after-hours market. The plunge in Dropbox's share price suggests that investors are bracing for potential disappointment from the company's earnings report and guidance.
Wall Street analysts expect Dropbox to report quarterly earnings of $0.62 per share on revenue of $638.91 million for the fourth quarter. Investors will be closely watching for any updates on the company's user growth, product developments, and guidance for the upcoming quarter and fiscal year.
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