(Reuters) — File sharing and storage company Dropbox 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.

Some investors might be picking on the net additions of 400,000 paying customers, which was

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