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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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