BUZZ-Dolby down after holiday-quarter forecast misses estimates

Reuters11-19
BUZZ-Dolby down after holiday-quarter forecast misses estimates

** Shares of audio and imaging products maker Dolby Laboratories DLB.N down 1.84% at $64.03 premarket after soft holiday-quarter forecast offsets tax-aided profit beat

** Expects Q1 FY26 rev between $315 mln and $345 mln, below est. of $354.5 mln; adj EPS between 79 cents and 94 cents, below est. of $1.02 - data complied by LSEG

** Co posted Q4 rev of $307 mln, above est. of $304 mln

** DLB's adj EPS of 99 cents also beat est of 70 cents

** Average rating of 6 analysts on the stocks is "buy"; median PT at $92.50 - data compiled by LSEG

** DLB stock down 16.82% YTD, as of last close

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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