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Dolby Laboratories (NYSE:DLB) Posts Earnings Results, Beats Estimates By $0.16 EPS
['Max Byerly']
Ticker Report
Dolby Laboratories (NYSE:DLB – Get Free Report) released its earnings results on Thursday.
Here are the key takeaways from Dolby Laboratories’ conference call:Get Dolby Laboratories alerts:Revenue was $347 million and non?GAAP EPS was $1.06, both above the high end of guidance for Q1, helped by earlier?than?expected deals and a $7 million favorable true?up.
Dolby Laboratories Stock PerformanceShares of NYSE DLB traded up $1.70 during mid-day trading on Thursday, reaching $62.89.
Also, SVP Shriram Revankar sold 3,000 shares of Dolby Laboratories stock in a transaction dated Friday, November 21st.
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