Recap: Dolby Laboratories Q2 Earnings - Dolby Laboratories (NYSE:DLB)

Dolby Laboratories DLB reported its Q2 earnings results on Thursday, May 4, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Dolby Laboratories beat estimated earnings by 29.9%, reporting an EPS of $1.26 versus an estimate of $0.97.

Revenue was up $41.52 million from the same period last year.

Last quarter the company beat on EPS by $0.33 which was followed by a 4.52% increase in the share price the next day.

Here's a look at Dolby Laboratories's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	0.78	0.60	0.58	0.82
EPS Actual	1.11	0.54	0.68	0.92
Revenue Estimate	306.56M	305.23M	294.04M	332.51M
Revenue Actual	334.92M	278.20M	289.58M	334.37M

To track all earnings releases for Dolby Laboratories visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.