Dolby Laboratories: Q1 Earnings Insights - Dolby Laboratories (NYSE:DLB)

Dolby Laboratories 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.

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.

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:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	0.53	0.55	0.97	0.78
EPS Actual	0.65	0.55	1.26	1.11
Revenue Estimate	290.20M	301.65M	349.84M	306.56M
Revenue Actual	290.56M	298.37M	375.89M	334.92M

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.