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DLB - Dolby Laboratories Crushed Expectations in Q4 Sending Shares to All-Time Highs
Dolby Laboratories
Audio and video technology developer Dolby Laboratories (NYSE: DLB) crushed Wall Street's consensus estimates in Thursday evening's fourth-quarter earnings report. It wasn't even close, and management also indicated that Dolby should get back to positive year-over-year growth in the first quarter.
Dolby's investors embraced the strong report in a hurry, driving share prices as much as 6% higher in Friday's trading session.