Benzinga | Jan 28, 2021 04:23PM EST

Dolby Laboratories Q1 Adj. EPS $1.48 Beats $1.04 Estimate, Sales $389.90M Beat $345.33M Estimate

Dolby Laboratories (NYSE:DLB) reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.04 by 42.31 percent. This is a 131.25 percent increase over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $389.90 million which beat the analyst consensus estimate of $345.33 million by 12.91 percent. This is a 33.58 percent increase over sales of $291.88 million the same period last year.