Dolby Laboratories Q3 Adj EPS $0.55, Inline, Sales $298.37M Miss $301.65M Estimate
Portfolio Pulse from saritha@benzinga.com
Dolby Laboratories (NYSE:DLB) reported Q3 earnings of $0.55 per share, in line with analyst consensus, but a 19.12% decrease from last year. Quarterly sales were $298.37M, missing the analyst consensus of $301.65M by 1.09%, but a 3.03% increase from last year.
August 04, 2023 | 2:28 pm
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Dolby Laboratories' Q3 earnings met expectations but sales missed estimates. Earnings and sales both decreased YoY.
Dolby Laboratories' earnings met expectations, which is positive. However, the company missed sales estimates and both earnings and sales decreased compared to the same period last year. This could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100