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DLB / Dolby stock falls 8% after audio company's fiscal Q4 earnings disappoint

Dolby Labs Inc. DLB, -0.53% shares fell more than 8% in the extended session Thursday after the audio company reported fiscal fourth-quarter earnings and sales below expectations, and guided for lower earnings in the current quarter. Dolby earned $27.8 million, or 28 cents a share, compared with $44.2 million, or 42 cents a share, in the year-ago period. Read More

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Posted: Nov 17 2022, 17:17

Author Name: Market Watch

DLB News

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