Dolby Laboratories Q1 Adj. EPS $1.06 Beats $0.88 Estimate, Sales $346.706M Beat $332.073M Estimate

Dolby Laboratories (NYSE:DLB) reported quarterly earnings of $1.06 per share which beat the analyst consensus estimate of $0.88 by 20.87 percent. This is a 7.02 percent decrease over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $346.706 million which beat the analyst consensus estimate of $332.073 million by 4.41 percent. This is a 2.88 percent decrease over sales of $356.999 million the same period last year.