{"id":85675,"date":"2023-11-17T09:10:03","date_gmt":"2023-11-17T14:10:03","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/dolby-shares-fall-on-disappointing-forecast\/"},"modified":"2023-11-17T09:10:07","modified_gmt":"2023-11-17T14:10:07","slug":"dolby-shares-fall-on-disappointing-forecast","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=85675","title":{"rendered":"Dolby shares fall on disappointing forecast"},"content":{"rendered":"
\n

Shares of Dolby Laboratories Inc.
\n DLB,
\n -1.00%<\/bg-quote>
\n fell 4.8% after hours on Thursday after the audio and imaging technology developer forecast profit and sales for its next fiscal year that were below Wall Street\u2019s expectations. Management forecast fiscal 2024 sales of around $1.3 billion, a bit below FactSet estimates for $1.36 billion, and earnings per share of $2.30 to $2.45, below estimates for $2.89. The company\u2019s fourth-quarter per-share profit missed expectations, while sales just topped, helped in part by new Apple Inc.
\n AAPL,
\n +0.90%<\/bg-quote>
\n iPhones using Dolby\u2019s technology. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Dolby Laboratories Inc. DLB, -1.00% fell 4.8% after hours on Thursday after the audio and imaging technology developer forecast profit and sales for its next fiscal year that were below Wall Street\u2019s expectations. Management forecast fiscal 2024 sales of around $1.3 billion, a bit below FactSet estimates for $1.36 billion, and earnings per […]<\/p>\n","protected":false},"author":1,"featured_media":78672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-85675","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nDolby shares fall on disappointing forecast | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Dolby Laboratories Inc. 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