Why Dolby Laboratories Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of Dolby Laboratories, Inc. DLB fell during Friday’s session following weak guidance.

Dolby Laboratories reported quarterly earnings of 65 cents per share, surpassing the analyst consensus estimate of 53 cents. The company reported quarterly sales of $290.56 million, which topped the analyst consensus estimate of $290.20 million, according to data from Benzinga Pro.

Dolby Laboratories said it sees first-quarter earnings between 80 cents and 95 cents per share, versus the $1.08 estimate. The company sees total revenue in a range between $300 million and $330 million, versus the estimate of $353.67 million.

Dolby Laboratories shares dropped 8.3% to $80.49

Here are some other stocks moving in today's mid-day session.

Gainers

• Altamira Therapeutics Ltd. CYTO surged 183% to $0.2830. Altamira Therapeutics announced partial spin-off of Bentrio business.
• Safe and Green Development Corporation SGD shares jumped 141% to $7.33. Safe And Green Development shares jumped around 559% on Thursday after the company said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement.
• WANG & LEE GROUP, Inc. WLGS shares gained 76.5% to $0.7097.
• Mural Oncology plc MURA shares gained 41.2% to $5.35 after falling around 92% on Thursday.
• Curis, Inc. CRIS jumped 36.5% to $8.07. Truist Securities initiated coverage on Curis with a Buy rating and announced a price target of $26.
• Syntec Optics Holdings, Inc. OPTX shares gained 33% to $6.90 after gaining around 12% on Thursday. Syntec Optics was awarded a contract for optics in biomedical equipment.
• The Gap, Inc. GPS gained 26.9% to $17.35 after the company reported better-than-expected financial results for the third quarter on Thursday.
• Kodiak Sciences Inc. KOD rose 20.4% to $2.3109. Kodiak Sciences recently posted a narrower-than-expected quarterly loss.
• Twist Bioscience Corporation TWST climbed 20.2% to $22.93 following strong quarterly results.
• SenesTech, Inc. SNES rose 19.8% to $2.61. SenesTech recently announced a 1-for-12 reverse stock split.
• Qifu Technology, Inc. QFIN gained 14% to $17.66 following third-quarter results.
• GDEV Inc. GDEV rose 13.2% to $3.0010.
• VNET Group, Inc. VNET climbed 13% to $2.95.
• Dogness (International) Corporation DOGZ rose 12.7% to $3.27.
• Globant S.A. GLOB surged 12.4% to $205.73 following upbeat third-quarter results.
• Jin Medical International Ltd. ZJYL gained 12.2% to $12.68.
• Tenet Healthcare Corporation THC rose 11% to $64.60 after it inked a deal with Novant Health to sell three hospitals and related operations in South Carolina for around $2.4 billion in cash.
• Ross Stores, Inc. ROST rose 8.8% to $130.67 as the company reported upbeat results for its third quarter and raised FY23 earnings guidance.
• Manchester United plc MANU gained 7.4% to $19.79 following a report suggesting Jim Ratcliffe's Ineos Sports is in talks to buy a 25% stake in the club for $33 per share
• The Buckle, Inc. BKE gained 7.3% to $37.50 following upbeat earnings.

Losers

• Bone Biologics Corporation BBLG fell 39.7% to $0.4701 after the company announced a registered direct offering priced at-the-market under Nasdaq rules.
• Vigil Neuroscience, Inc. VIGL shares dipped 39.6% to $4.03 after the company reported interim data from Phase 2 IGNITE proof-of-concept clinical trial evaluating iluzanebart as a treatment for ALSP and from ongoing natural history study ILLUMINATE.
• ChargePoint Holdings, Inc. CHPT declined 36.1% to $1.9997 after the company reported preliminary results and announced a management transition. The company appointed Rick Wilmer, who has been COO since July 2022, as its new president and CEO, effective Nov. 16.
• Zenvia Inc. ZENV dipped 30.1% to $0.8596 following third-quarter results.
• Mobiv Acquisition Corp MOBV fell 20.5% to $3.06. Mobiv Acquisition entered into amendment to non-redemption agreement extending term.
• Alpha Technology Group Limited ATGL shares fell 14.7% to $25.43 after jumping 136% on Thursday.
• WeTrade Group, Inc. WETG declined 14.7% to $6.79
• Solid Biosciences Inc. SLDB fell 14% to $2.34. Solid Biosciences recently announced that it has received FDA clearance of an IND application for its Duchenne muscular dystrophy gene therapy candidate.
• American Software, Inc. AMSWA declined 12.1% to $9.65 after the company reported worse-than-expected second-quarter financial results and issued FY24 revenue guidance below estimates. Also, B. Riley Securities lowered its price target from $17 to $16 on the stock.
• Infobird Co., Ltd IFBD fell 11.5% to $0.0905. Infobird disclosed a 1-for-20 share consolidation and increase of the authorized share capital.
• Mondee Holdings, Inc. MOND tumbled 9.6% to $3.2250. Mondee Holdings files for secondary offering of up to 1.3 million shares of common stock.
• Beazer Homes USA, Inc. BZH fell 9.2% to $27.45 after the company reported a year-over-year decrease in fourth-quarter EPS results.
• trivago N.V. TRVG fell 8.8% to $2.7450.
• Spectrum Brands Holdings, Inc. SPB fell 7.2% to $71.31 following fourth-quarter results.
• Atkore Inc. ATKR fell 6.5% to $126.48 following weak revenue.
• ZTO Express (Cayman) Inc. ZTO shares declined 5.4% to $22.74 following third-quarter results.
• Applied Materials, Inc. AMAT shares fell 4.3% to $148.11 after the company reported fourth-quarter financial results.

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