ZTO - Why Dolby Laboratories Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session | Benzinga
Shares of Dolby Laboratories, Inc. (NYSE: DLB) fell during Friday’s session following weak guidance.
Dolby Laboratories reported quarterly earnings of 65 cents per share, surpassing the analyst consensus estimate of 53 cents. The company reported quarterly sales of $290.56 million, which topped the analyst consensus estimate of $290.20 million, according to data from Benzinga Pro.
Dolby Laboratories said it sees first-quarter earnings between 80 cents and 95 cents per share, versus the $1.08 estimate. The company sees total revenue in a range between $300 million and $330 million, versus the estimate of $353.67 million.
Dolby Laboratories shares dropped 8.3% to $80.49
Here are some other stocks moving in today's mid-day session.
Gainers
- Altamira Therapeutics Ltd. (NASDAQ: CYTO) surged 183% to $0.2830. Altamira Therapeutics announced partial spin-off of Bentrio business.
- Safe and Green Development Corporation (NASDAQ: SGD) shares jumped 141% to $7.33. Safe And Green Development shares jumped around 559% on Thursday after the company said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement.
- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) shares gained 76.5% to $0.7097.
- Mural Oncology plc (NASDAQ: MURA) shares gained 41.2% to $5.35 after falling around 92% on Thursday.
- Curis, Inc. (NASDAQ: CRIS) jumped 36.5% to $8.07. Truist Securities initiated coverage on Curis with a Buy rating and announced a price target of $26.
- Syntec Optics Holdings, Inc. (NASDAQ: OPTX) shares gained 33% to $6.90 after gaining around 12% on Thursday. Syntec Optics was awarded a contract for optics in biomedical equipment.
- The Gap, Inc. (NYSE: GPS) gained 26.9% to $17.35 after ...