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Shares of Dolby Laboratories (NYSE:DLB) fell 0.4% in after-market trading after the company reported Q3 results.
Earnings per share rose 13.16% over the past year to $0.86, which beat the estimate of $0.27.
Revenue of $246,909,000 decreased by 18.29% from the same period last year, which beat the estimate of $232,610,000.
Dolby Laboratories hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Aug 03, 2020
Time: 05:00 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/7y97ui36
Recent Stock Performance
Company's 52-week high was at $73.20
52-week low: $44.68
Price action over last quarter: Up 26.85%
Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.
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