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

Dolby Laboratories

03/05/2024 24:25

* Dolby Laboratories Inc  DLB.N  reported quarterly adjusted
earnings of $1.27​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.26.  The mean expectation of four analysts
for the quarter was for earnings of $1.19 per share. Wall Street
expected results to range from $1.16  to $1.22 per share.
    * Revenue fell 3% to $364.52 million from a year ago;
analysts
expected $359.44 million. 
    * Dolby Laboratories Inc's reported EPS for the quarter was
$1.01​.
    * The company reported quarterly net income of $97.83
million.
    * Dolby Laboratories Inc shares had fallen by 7.4% this
quarter and lost 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for Dolby
Laboratories Inc is $98.00 

This summary was machine generated from LSEG data May 2 at 11:25
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
 Mar. 31 2024      1.19           1.27           Beat
 Dec. 31 2023      0.86           1.01           Beat
 Sep. 30 2023                     0.65           
 Jun. 30 2023      0.55           0.55           Met