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 Stock
€53.15
0.650%
Dolby Laboratories Inc. A is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
With a target price of 75 € there is a positive potential of 41.11% for Dolby Laboratories Inc. A compared to the current price of 53.15 €.
