Investing.com - Dolby Labs reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Dolby Labs announced earnings per share of $0.54 on revenue of $278.2M. Analysts polled by Investing.com EPS of $0.45 on revenue of $306.26M.
Dolby Labs 's are down 26.55% and is trading at $69.75 , still down 27.79% from its 52 week high of $96.85 set on Monday, January 3, 2022.
Dolby Labs shares lost 0.27% to trade at $69.75 in after-hours trade the report.
Dolby Labs follows other major Information Technology sector earnings this month
Dolby Labs's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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