NYSE:DLBSoftware
Dolby (DLB) Stock Price Races Ahead Of Falling Profit```
The market stamped its verdict on Dolby Laboratories first. The stock jumped 13.6% to US$58.81, a sharp rerating for a company that had been grinding sideways in recent months. Only after that move do the earnings themselves come into focus. Dolby posted Q3 revenue of about US$305m with basic earnings per share a little above US$0.30, while reaffirming a full year revenue outlook of US$1.41b to US$1.44b and non GAAP earnings guidance in the mid US$4 range.
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