By Munsif Vengattil (Reuters) - File sharing and storage company Dropbox Inc forecast a drop in current-quarter operating margins from a year earlier, sending its shares down nearly 11 percent in extended trading. The weak margin outlook overshadowed a better-than-expected quarterly profit and revenue, and current quarter revenue forecast that came in above estimates. "Margin guidance reflects conservatism," DA Davidson analyst Rishi Jaluria said
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Friday, 22 February 2019
Dropbox expects drop in first-quarter operating margin, shares fall
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