Recap: Dolby Laboratories Q3 Earnings

Dolby Laboratories DLB reported its Q3 earnings results on Tuesday, August 9, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Dolby Laboratories beat estimated earnings by 17.24%, reporting an EPS of $0.68 versus an estimate of $0.58.

Revenue was up $2.79 million from the same period last year.

Last quarter the company beat on EPS by $0.1 which was followed by a 5.16% drop in the share price the next day.

Here's a look at Dolby Laboratories's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.82	1.06	0.56	0.47
EPS Actual	0.92	1.01	0.58	0.71
Revenue Estimate	332.51M	362.22M	299.95M	278.79M
Revenue Actual	334.37M	351.63M	285.02M	286.80M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Dolby Laboratories management provided guidance for FY 2022, expecting earnings between $3.22 and $3.37 per share.

To track all earnings releases for Dolby Laboratories visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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