Benzinga | Aug 3, 2020 05:01PM EDT

Dolby Laboratories: Q3 Earnings Insights

Shares of Dolby Laboratories (NYSE:DLB) fell 0.4% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 13.16% over the past year to $0.86, which beat the estimate of $0.27.

Revenue of $246,909,000 decreased by 18.29% from the same period last year, which beat the estimate of $232,610,000.

Looking Ahead

Dolby Laboratories hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 03, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/7y97ui36

Recent Stock Performance

Company's 52-week high was at $73.20

52-week low: $44.68

Price action over last quarter: Up 26.85%

Company Description

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.