Dolby Laboratories Inc reports results for the quarter ended September 30 - Earnings Summary

Dolby Laboratories

19/11/2024 22:02

* Dolby Laboratories Inc  DLB.N  reported quarterly adjusted
earnings of 81 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 65 cents.  The mean expectation of four analysts
for the quarter was for earnings of 70 cents per share. Wall
Street expected results to range from 64 cents to 73 cents per
share.
    * Revenue rose 4.9% to $304.81 million from a year ago;
analysts
expected $307.94 million. 
    * Dolby Laboratories Inc's reported EPS for the quarter was
61
cents​.
    * The company reported quarterly net income of $58.57
million.
    * Dolby Laboratories Inc shares had fallen by 6.8% this
quarter and lost 17.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 3 "strong buy" or "buy," 1
"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 $99.00 
This summary was machine generated from LSEG data November 19 at
10:01 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
 Sep. 30 2024      0.70           0.81           Beat
 Jun. 30 2024      0.59           0.71           Beat
 Mar. 31 2024      1.19           1.27           Beat
 Dec. 31 2023      0.86           1.01           Beat