Why Dolby Stock Just Popped 10%
Shares of audio-meister Dolby Laboratories (NYSE: DLB) stock surged 10.1% through 10:15 a.m. ET Wednesday after reporting strong earnings last night.
Expected to earn only $0.70 per share non-GAAP (generally accepted accounting principles), Dolby surprised Wall Street analysts with a quarterly profit of $0.81. Sales fell slightly short of estimates, coming in at $305 million.
CEO Kevin Yeaman pronounced himself pleased with the quarter's results. Although Dolby missed on sales, its Q4 number still grew about 5% year over year. Even better, earnings as calculated according to GAAP multiplied, rising from just $0.09 per share a year ago, to $0.61 per share in this Q4 2024.
Source Fool.com
Dolby Laboratories Inc. A Aktie
53,85 €
-0,37 %
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