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Dolby Laboratories, Inc. licenses audio and imaging technologies for media, entertainment, and communications applications. The market for consumer audio products is expected to exceed $234 billion by 2030, driving growth for Dolby. With the firm performing as expected, I reiterate my Buy rating at around $81.50.
Dolby's (DLB) performance benefits from increasing adoption of Dolby Atmos, Dolby Vision and new imaging patents.
Shares of Dolby Laboratories Inc. DLB, +0.96% were up 4.8% after hours on Thursday after S&P Dow Jones Indices said the audio-tech company would replace Staar Surgical Co. STAA, +0.17% in the S&P MidCap 400. Staar Surgical will replace Urstadt Biddle Properties Inc. UBA, -1.81% in the S&P SmallCap 600.
Dolby's (DLB) fiscal third-quarter performance benefits from increased adoption of Dolby Atmos and Dolby Vision.
SAN FRANCISCO, July 18, 2023 (GLOBE NEWSWIRE) -- Dolby Laboratories, Inc. (NYSE: DLB) will release financial results for the third quarter (Q3) of fiscal 2023 after the close of regular trading on Thursday, August 3, 2023.
Dolby's (DLB) performance benefits from the increasing adoption of Dolby Atmos, Dolby Vision and new imaging patents.
Dolby Laboratories, Inc. reported its FQ2 2023 financial results on May 4, 2023. The company licenses audio and imaging technologies for use in entertainment and related cases across many device categories. Dolby Laboratories has guided to a return to revenue growth in fiscal 2023 and sees faster-than-expected deal closings despite an uncertain macro environment.
Dolby Laboratories, Inc. (NYSE:DLB ) Q2 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Maggie O'Donnell – Head-Investor Relations Kevin Yeaman – Chief Executive Officer Robert Park – Chief Financial Officer Conference Call Participants Steven Frankel – Rosenblatt Paul Chung – JPMorgan Ralph Schackart – William Blair James Goss – Barrington Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories' Conference Call discussing fiscal second quarter results.
Dolby's (DLB) second-quarter fiscal 2023 performance benefits from revenue growth across all business segments and increased adoption of Dolby Atmos and Dolby Vision.
Dolby Laboratories (DLB) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.92 per share a year ago.