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

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.

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!