Dolby Laboratories stock price

Dolby Laboratories latest news:


  • 01/24/2018 15:00:11

    Dolby shares surge 9% after strong fiscal second-quarter guidance

    Dolby Laboratories Inc. shares surged in the extended session Wednesday after the electronics maker reported its fiscal first-quarter results. Dolby shares jumped nearly 9% to $70 after hours. The company reported fiscal first-quarter net losses of $81.6 million, or a loss of 51 cents a share, compared with net income of $84.1 million, or 79 cents a share, in the year-ago period. Adjusted earnings were 79 cents a share. In the fiscal first quarter, Dolby recorded a tax expense of $154.6 million related to the new U.S. tax law. Revenue rose to $287.8 million from $266.3 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 44 cents a share on revenue of $266 million. For the fiscal second quarter, analysts model earnings of 58 cents a share on revenue of $291 million. Dolby estimates fiscal second-quarter earnings of 60 cents to 66 cents a share on sales of $295 million to $305 million. Dolby stock has gained 30% in the past year, with the S&P 500 index rising 25%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • More trends:

    Dollar General CorporationDG | Dominion Diamond CorporationDDC | Dominion Midstream PartnersDM | Dominion Resources Black Warrior TrustDOM | Dominion ResourcesD | Dominion ResourcesDCUA | Dominion ResourcesDCUB | Dominion ResourcesDCUC | Domino's Pizza IncDPZ | Domtar CorporationUFS |