Benzinga | Jul 29, 2021 04:24PM EDT

Dolby Laboratories Q3 Adj. EPS $0.71 Beats $0.47 Estimate, Sales $286.80M Beat $278.79M Estimate

Dolby Laboratories (NYSE:DLB) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.47 by 51.06 percent. This is a 17.44 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $286.80 million which beat the analyst consensus estimate of $278.79 million by 2.87 percent. This is a 16.16 percent increase over sales of $246.91 million the same period last year.