Dolby's (DLB) Q1 Earnings & Revenues Beat Estimates, Down Y/Y

Dolby Laboratories, Inc (DLB) reported first-quarter fiscal 2024 results, with non-GAAP earnings per share (EPS) of $1.01 compared with $1.11 reported in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate of 89 cents.Total revenues were $315.6 million, lower than $334.9 million in the year-ago quarter. However, the top line surpassed the Zacks Consensus Estimate by 1.5%.The company announced a dividend of 30 cents per share, payable on Feb 22, 2024, to shareholders of record as o ...