Why Dolby Stock Just Popped 10%

Shares of audio-meister Dolby Laboratories (DLB 12.96%) stock surged 10.1% through 10:15 a.m. ET Wednesday after reporting strong earnings last night.Expected to earn only $0.70 per share non-GAAP (generally accepted accounting principles), Dolby surprised Wall Street analysts with a quarterly profit of $0.81. Sales fell slightly short of estimates, coming in at $305 million. Dolby's Q4 earningsCEO Kevin Yeaman pronounced himself pleased with the quarter's results. Although Dolby missed on sales, its Q4 num ...