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

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Drew HoustonDrew Angerer / GettyDropbox 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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