Benzinga | Aug 3, 2020 04:18PM EDT

Dolby Laboratories Q3 Adj. EPS $0.86 May Not Compare To $0.27 Estimate, Sales $246.90M Beat $232.61M Estimate

Dolby Laboratories (NYSE:DLB) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.27 by 218.52 percent. This is a 13.16 percent increase over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $246.90 million which beat the analyst consensus estimate of $232.61 million by 6.14 percent. This is a 18.29 percent decrease over sales of $302.16 million the same period last year.