Factors to Note Ahead of Dolby's (DLB) Q1 Earnings Release

Dolby Laboratories Inc (DLB) is slated to report first-quarter fiscal 2024 results on Feb 1.The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $310.9 million, indicating a decrease of 7.2% from the year-ago quarter’s reported figure. The consensus mark for earnings per share (EPS) is pegged at 89 cents, indicating a year-over-year decrease of 19.8%.The company expects GAAP EPS of 44-59 cents and non-GAAP EPS of 80-95 cents on revenues of $300-$330 million for the fiscal first quarte ...