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

Dolby Laboratories

05/05/2023 01:46

* Dolby Laboratories Inc  DLB.N  reported quarterly adjusted
earnings of $1.26​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 98 cents per share.
    * Revenue rose 12.4% to $375.89 million from a year ago;
analysts
expected $349.84 million. 
    * Dolby Laboratories Inc's reported EPS for the quarter was
98
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Dolby Laboratories Inc shares had fallen by 3.1% this
quarter and gained 17.3% so far this year.
    * The company reported quarterly net income of $95.7
million.
    * Wall Street's median 12-month price target for Dolby
Laboratories Inc is $90.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 12:46 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.59           0.68           Beat