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

Dolby Laboratories

17/11/2022 22:01

* Dolby Laboratories Inc  DLB.N  reported quarterly adjusted
earnings of 28 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 60 cents per share.
    * Revenue fell 2.4% to $278.20 million from a year ago;
analysts
expected $305.23 million. 
    * Dolby Laboratories Inc's reported EPS for the quarter was
28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 21.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Dolby Laboratories Inc shares had risen by 7.6% this
quarter and
lost 26.4% so far this year.
    * The company reported quarterly net income of $27.76
million.
    * Wall Street's median 12-month price target for Dolby
Laboratories Inc is $87.50 
    * 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 Refinitiv data November
17 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.60           0.28           Missed
 Jun. 30 2022      0.59           0.68           Beat
 Mar. 31 2022      0.82           0.92           Beat
 Dec. 31 2021      1.06           1.01           Missed