Dolby Laboratories (NYSE:DLB) is reporting fourth quarter financial results on Thursday 12th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, DLB is expected to report 4Q20 income of $ 0.34 per share from revenue of $ 244.04 million.
For the full year, analysts anticipate top line of $ 1134.71 million, while looking forward to income of $ 2.86 per share bottom line.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 0.05 ~ $ 0.20 per share
Full Year 2020 topline are forecasted in a range of$ 1,300.00 million ~ $ 1,350.00 million, where as bottomline are predicted in a range of $ 2.04 ~ $ 2.19 per share
Click Here For More Historical Outlooks Of Dolby Laboratories
Previous Quarter Performance
Dolby Laboratories unwinded income for the third quarter of $ 0.86 per share, from the revenue of $ 246.91 million. The quarterly earnings grew 126.32 percent while revenues reduced 18.29 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.27 per share from $ 232.61 million in revenue. The bottom line results beat street analysts by $ 0.59 or 218.52 percent, at the same time, top line results outshined analysts by $ 14.30 million or 6.15 percent.
Stock Performance
Shares of Dolby Laboratories traded low $ -0.08 or -0.10 percent on Wednesday, reaching $ 84.03 with volume of 362.70 thousand shares. Dolby Laboratories has traded high as $ 85.18 and has cracked $ 83.82 on the downward trend
The closing price of $ 84.03, representing a 88.25 % increase from the 52 week low of $ 44.68 and a 3.47 % decrease over the 52 week high of $ 87.13.
The company has a market capital of $ 8.45 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
Conference Call
Dolby Laboratories will be hosting a conference call at 5:00 PM eastern time on 12th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 1-800-289-0438 or 1-323-794-2423 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.dolby.com
Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for TVs, set-top boxes (STBs), personal computers (PCs), gaming consoles, mobile devices, and digital radio; AVC, a digital video codec with high bandwidth efficiency used in media devices; Dolby AC-4, an audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for home theaters, cinemas, device speakers, mobile devices, and headphones.
