Dropbox shares initially surge 17% on better-than-expected results

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Dropbox shares initially surge 17% on better-than-expected results
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Dropbox shares surge 17% on better-than-expected results

Dropbox Inc. DBX, +2.16% shares were initially up 17% before settling to 7% in after-hours trading Thursday after the file-sharing service reported fourth-quarter earnings that beat Wall Street estimates. The company also reported jumps in paying users and average revenue per user . Dropbox reported a net loss of $6.6 million, or 2 cents a share, in the quarter, compared with a net loss of $9.5 million, or 2 cents a share, in the year-ago fourth quarter.

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