Here's What Key Metrics Tell Us About Dolby Laboratories (DLB) Q3 Earnings

Core Insights - For the quarter ended June 2024, Dolby Laboratories reported revenue of $288.82 million, a decrease of 3.2$0.71 compared to $0.55 in the same quarter last year, exceeding the Zacks Consensus Estimate of$286.26 million by 0.89% and delivering an EPS surprise of 20.34% [1] Revenue Performance - Revenue from Products and Services was $21.74 million, falling short of the average estimate of$26 million by three analysts, representing a year-over-year decline of 14% [3] - Revenue from Licensing was $267.08 million, surpassing the estimated$260.26 million by three analysts, but reflecting a decrease of 2.2% compared to the previous year [4] Gross Margin Analysis - Gross Margin for Licensing was reported at $249.70 million, exceeding the average estimate of$245.63 million from three analysts [5] - Gross Margin for Products and Services was $3.46 million, also above the average estimate of$2.86 million from three analysts [6] Stock Performance - Shares of Dolby Laboratories have returned -6.7% over the past month, compared to a -5.9% change in the Zacks S&P 500 composite, with the stock currently holding a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [6]