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

Dolby Laboratories

03/08/2023 22:58

* Dolby Laboratories Inc  DLB.N  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 55 cents per share.
    * Revenue rose 3% to $298.37 million from a year ago;
analysts
expected $301.65 million. 
    * Dolby Laboratories Inc's reported EPS for the quarter was
17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Dolby Laboratories Inc shares had risen by 5.0% this
quarter and
gained 24.6% so far this year.
    * The company reported quarterly net income of $16.4
million.
    * Wall Street's median 12-month price target for Dolby
Laboratories Inc is $93.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:58 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.55           0.17           Missed
 Mar. 31 2023      0.98           1.26           Beat
 Dec. 31 2022      0.79           1.11           Beat
 Sep. 30 2022      0.60           0.54           Missed