Benzinga | Jan 28, 2021 05:21PM EST

Recap: Dolby Laboratories Q1 Earnings

Shares of Dolby Laboratories (NYSE:DLB) moved higher in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 131.25% year over year to $1.48, which beat the estimate of $1.04.

Revenue of $389,874,000 rose by 33.57% year over year, which beat the estimate of $345,330,000.

Outlook

Q2 EPS expected to be between $0.57 and $0.72.

Q2 revenue expected to be between $280,000,000 and $310,000,000.

How To Listen To The Conference Call

Date: Jan 28, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/r95cfevu

Recent Stock Performance

52-week high: $97.78

Company's 52-week low was at $44.68

Price action over last quarter: Up 5.56%

Company Profile

Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.