Dolby Laboratories Inc reports results for the quarter ended in December - Earnings Summary

Dolby Laboratories

01/02/2024 22:39

* Dolby Laboratories Inc  DLB.N  reported quarterly adjusted
earnings of $1.01​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.11.  The mean expectation of four analysts for the
quarter was for earnings of 86 cents per share. Wall Street
expected results to range from 80 cents to 90 cents per share.
    * Revenue fell 5.8% to $315.57 million from a year ago;
analysts
expected $312.87 million. 
    * Dolby Laboratories Inc's reported EPS for the quarter was
69
cents​.
    * The company reported quarterly net income of $66.98
million.
    * Dolby Laboratories Inc shares had fallen by 3.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Dolby
Laboratories Inc is $98.00 
This summary was machine generated from LSEG data February 1 at
10:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.86           1.01           Beat
 Sep. 30 2023      0.53           0.65           Beat
 Jun. 30 2023      0.55           0.55           Met
 Mar. 31 2023      0.98           1.26           Beat