Dolby Laboratories Expects Q3 Total Revenue Of $270M-$300M (Est $313.637M), Adj EPS Of $0.51-$0.66 (Est $0.77)
Portfolio Pulse from Benzinga Newsdesk
Dolby Laboratories provided its Q3 guidance with expected total revenue of $270M-$300M, below the estimated $313.637M, and adjusted EPS of $0.51-$0.66, under the estimated $0.77.
May 02, 2024 | 9:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dolby Laboratories expects lower Q3 revenue and adjusted EPS than estimated, indicating potential short-term negative impact on its stock price.
The company's guidance for both revenue and adjusted EPS for Q3 is significantly below analyst estimates, which can lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100