Dolby Laboratories (NYSE:DLB) reported its Q1 earnings results on Thursday, February 1, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Dolby Laboratories beat estimated earnings by 17.44%, reporting an EPS of $1.01 versus an estimate of $0.86.

Revenue was down $19.35 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12 which was followed by a 7.06% drop in the share price the next day.

Here's a look at Dolby Laboratories's past performance:

To track all earnings releases for Dolby Laboratories visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.