Dolby Laboratories Q4 Adj $0.65 Beats $0.53 Estimate, Sales $290.56M Beat $290.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dolby Laboratories (NYSE:DLB) reported Q4 adjusted earnings of $0.65 per share, surpassing the consensus estimate of $0.53, a 22.64% beat. Year-over-year, this represents a 20.37% increase from $0.54 per share. Quarterly sales reached $290.56 million, slightly above the estimate of $290.20 million, marking a 4.44% increase from the previous year's $278.20 million.
November 16, 2023 | 9:21 pm
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Dolby Laboratories reported strong Q4 earnings and sales, beating analyst estimates on both fronts, indicating robust financial performance.
Beating both earnings and sales estimates typically generates positive investor sentiment, which can lead to a short-term increase in stock price. The significant beat on earnings per share and the year-over-year growth are particularly encouraging signs of the company's performance and may attract more investors.
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