Dolby Laboratories Continues To See FY24 Total Revenue To Be Roughly $1.30B (Est $1.298B), Adj EPS Of $3.60-$3.75 ($3.69)
Portfolio Pulse from Benzinga Newsdesk
Dolby Laboratories projects its FY24 total revenue to be around $1.30 billion, slightly above the estimate of $1.298 billion, with an adjusted EPS forecast of $3.60-$3.75, closely aligning with the estimated $3.69.
May 02, 2024 | 9:22 pm
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Dolby Laboratories expects FY24 revenue to slightly exceed analyst estimates with an adjusted EPS within expected ranges.
Dolby Laboratories' projection of higher-than-expected revenue for FY24 and an adjusted EPS that closely matches analyst estimates could lead to positive investor sentiment. The slight outperformance in revenue projections compared to estimates suggests confidence in the company's growth trajectory, potentially making DLB stock more attractive to investors in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100