Recap: Dolby Laboratories Q4 Earnings

Dolby Laboratories (NYSE:DLB) reported its Q4 earnings results on Thursday, November 16, 2023 at 04:15 PM.

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

Dolby Laboratories beat estimated earnings by 22.64%, reporting an EPS of $0.65 versus an estimate of $0.53.

Revenue was up $12.36 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 9.78% drop in the share price the next day.

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

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.55	0.97	0.78	0.60
EPS Actual	0.55	1.26	1.11	0.54
Revenue Estimate	301.65M	349.84M	306.56M	305.23M
Revenue Actual	298.37M	375.89M	334.92M	278.20M

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.