- Oops!Something went wrong.Please try again later.
Shares of Dolby Laboratories (NYSE:DLB) moved higher in after-market trading after the company reported Q1 results.
Earnings per share increased 131.25% year over year to $1.48, which beat the estimate of $1.04.
Revenue of $389,874,000 rose by 33.57% year over year, which beat the estimate of $345,330,000.
Q2 EPS expected to be between $0.57 and $0.72.
Q2 revenue expected to be between $280,000,000 and $310,000,000.
How To Listen To The Conference Call
Date: Jan 28, 2021
Time: 05:00 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/r95cfevu
Recent Stock Performance
52-week high: $97.78
Company's 52-week low was at $44.68
Price action over last quarter: Up 5.56%
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.
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.