Dolby Laboratories (NYSE:DLB) is reporting third quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, DLB is expected to report 3Q20 income of $ 0.27 per share from revenue of $ 232.61 million.
For the full year, analysts anticipate top line of $ 1128.10 million, while looking forward to income of $ 2.36 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 225.00 million ~ $ 250.00 million
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 $ 3.40 ~ $ 3.50 per share
Click Here For More Historical Outlooks Of Dolby Laboratories
Previous Quarter Performance
Dolby Laboratories announced income for the second quarter of $ 1.04 per share, from the revenue of $ 351.82 million. The quarterly earnings grew 48.57 percent compared with the same quarter last year. Street analysts expected Dolby Laboratories to report income of $ 1.09 per share on revenue of $ 361.35 million for the second quarter. The bottom line results missed street analysts by $ 0.05 or 4.59 percent, at the same time, top line results fell short of analysts by $ 9.53 million or 2.64 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of DLB was $ 69.60, representing a 55.77 % increase from the 52 week low of $ 44.68 and a 4.92 % decrease over the 52 week high of $ 73.20.
The company has a market capital of $ 7.01 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
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Recent Analyst recommendations
- On 24th June 2020, downgraded by B. Riley to Neutral from Buy rating, with $ 72.00 target price.
Recent Stock Dividend Announcement
On May 4, 2020, the board of directors authorized quarterly dividend of $ 0.22 per share to holders of record as of the close of business on May 18, 2020, with payment date of May 27, 2020 and ex-dividend date on May 15, 2020.
Conference Call
Dolby Laboratories will be hosting a conference call at 5:00 PM eastern time on 3rd August 2020, to discuss its 3Q20 financial results with the investment community. 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.
