Dolby Sees Q1 Adj. EPS $0.80-$0.95 vs $1.08 Est., Total Revenue $300M-$330M vs $353.67M Est.; Sees FY24 Adj. EPS $3.60-$3.75 vs $3.77 Est., Total Revenue ~$1.3B vs $1.36B Est.
Portfolio Pulse from Benzinga Newsdesk
Dolby Laboratories provided its Q1 adjusted EPS guidance of $0.80-$0.95, below the $1.08 estimate, and total revenue forecast of $300M-$330M, which is also below the expected $353.67M. For FY24, the company expects an adjusted EPS of $3.60-$3.75, compared to the $3.77 estimate, and anticipates total revenue to be around $1.3B, lower than the $1.36B estimate.
November 16, 2023 | 9:23 pm
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NEGATIVE IMPACT
Dolby Laboratories issued lower-than-expected earnings and revenue guidance for Q1 and FY24, which may lead to negative investor sentiment and a potential decrease in stock price in the short term.
The company's guidance for both Q1 and FY24 falls short of analysts' estimates, which typically results in a negative perception among investors and can lead to a decline in the stock price as market expectations are adjusted.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100