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Stock impact report

Why Is Dolby Laboratories (DLB) Up 1.8% Since Last Earnings Report? [Yahoo! Finance]

Dolby Laboratories (DLB) 
Last dolby laboratories earnings: 1/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.dolby.com
Company Research Source: Yahoo! Finance
It has been about a month since the last earnings report for Dolby Laboratories (DLB). Shares have added about 1.8% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Dolby Laboratories due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Dolby's Q3 Earnings Top Estimates Dolby reported third-quarter fiscal 2024 non-GAAP earnings per share (EPS) of 71 cents compared with 55 reported in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate by 20.3%. Lower operating costs and higher operating income were primary growth drivers. Revenues for the quarter declined 3% year over year to $288.8 million. However, the top line beat the Zacks Consensus Estimate by 0.9%. The top line was adversely impacted by lower unit sh Show less Read more
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