|Bid||69.87 x 800|
|Ask||69.90 x 800|
|Day's Range||69.62 - 70.35|
|52 Week Range||44.68 - 73.94|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||28.92|
|Earnings Date||Aug 03, 2020|
|Forward Dividend & Yield||0.88 (1.26%)|
|Ex-Dividend Date||May 15, 2020|
|1y Target Est||76.25|
Despite higher adoption of Dolby Vision and Dolby Atmos technology, Dolby's (DLB) third-quarter fiscal 2020 results are hurt by top-line contractions stemming from the COVID-19 pandemic.
Joining me today are Kevin Yeaman, Dolby Laboratories', President, CEO and Lewis Chew, Executive Vice President and Chief Financial Officer. As a reminder, today's discussion will include forward-looking statements, including our fourth quarter and full-year fiscal 2020 outlook and our assumptions underlying that outlook.
Dolby Laboratories (DLB) delivered earnings and revenue surprises of 218.52% and 6.64%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?