Benzinga | Nov 12, 2020 04:17PM EST

Dolby Laboratories Q4 Adj. EPS $0.45 Beats $0.34 Estimate, Sales $271.20M Beat $244.44M Estimate

Dolby Laboratories (NYSE:DLB) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.34 by 32.35 percent. This is a 31.82 percent decrease over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $271.20 million which beat the analyst consensus estimate of $244.44 million by 10.95 percent. This is a 9.25 percent decrease over sales of $298.83 million the same period last year.