Dolby Laboratories Inc. (NYSE:DLB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Dolby Laboratories Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.64% to $0.74 in the quarter versus EPS of $0.81 in the year-earlier quarter.
Revenue: Decreased 4.19% to $249.35 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dolby Laboratories Inc. reported adjusted EPS income of $0.74 per share. By that measure, the company beat the mean analyst estimate of $0.57. It beat the average revenue estimate of $246.63 million.
Quoting Management: “In the second quarter, we continued to grow our presence in the broadcast and mobile markets,” said Kevin Yeaman, President and Chief Executive Officer, Dolby Laboratories. “In addition, key partners endorsed our newest technologies. BT unveiled the first business conferencing service with Dolby Voice, and James Cameron and Vince Pace’s Cameron Pace Group is backing our Dolby glasses-free 3D format.”
Key Stats (on next page)…
Revenue increased 5.39% from $236.6 million in the previous quarter. EPS increased 48% from $0.50 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.41 to a profit $0.36. For the current year, the average estimate has moved down from a profit of $1.99 to a profit of $1.89 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)