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.
- 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 the company reported better-than-expected financial results for the third quarter on Thursday.
- Kodiak Sciences Inc. (NASDAQ:KOD) rose 20.4% to $2.3109. Kodiak Sciences recently posted a narrower-than-expected quarterly loss.
- Twist Bioscience Corporation (NASDAQ:TWST) climbed 20.2% to $22.93 following strong quarterly results.
- SenesTech, Inc. (NASDAQ:SNES) rose 19.8% to $2.61. SenesTech recently announced a 1-for-12 reverse stock split.
- Qifu Technology, Inc. (NASDAQ:QFIN) gained 14% to $17.66 following third-quarter results.
- GDEV Inc. (NASDAQ:GDEV) rose 13.2% to $3.0010.
- VNET Group, Inc. (NASDAQ:VNET) climbed 13% to $2.95.
- Dogness (International) Corporation (NASDAQ:DOGZ) rose 12.7% to $3.27.
- Globant S.A. (NYSE:GLOB) surged 12.4% to $205.73 following upbeat third-quarter results.
- Jin Medical International Ltd. (NASDAQ:ZJYL) gained 12.2% to $12.68.
- Tenet Healthcare Corporation (NYSE:THC) rose 11% to $64.60 after it inked a deal with Novant Health to sell three hospitals and related operations in South Carolina for around $2.4 billion in cash.
- Ross Stores, Inc. (NASDAQ:ROST) rose 8.8% to $130.67 as the company reported upbeat results for its third quarter and raised FY23 earnings guidance.
- Manchester United plc (NYSE:MANU) gained 7.4% to $19.79 following a report suggesting Jim Ratcliffe's Ineos Sports is in talks to buy a 25% stake in the club for $33 per share
- The Buckle, Inc. (NYSE:BKE) gained 7.3% to $37.50 following upbeat earnings.
- Bone Biologics Corporation (NASDAQ:BBLG) fell 39.7% to $0.4701 after the company announced a registered direct offering priced at-the-market under Nasdaq rules.
- Vigil Neuroscience, Inc. (NASDAQ:VIGL) shares dipped 39.6% to $4.03 after the company reported interim data from Phase 2 IGNITE proof-of-concept clinical trial evaluating iluzanebart as a treatment for ALSP and from ongoing natural history study ILLUMINATE.
- ChargePoint Holdings, Inc. (NYSE:CHPT) declined 36.1% to $1.9997 after the company reported preliminary results and announced a management transition. The company appointed Rick Wilmer, who has been COO since July 2022, as its new president and CEO, effective Nov. 16.
- Zenvia Inc. (NASDAQ:ZENV) dipped 30.1% to $0.8596 following third-quarter results.
- Mobiv Acquisition Corp (NASDAQ:MOBV) fell 20.5% to $3.06. Mobiv Acquisition entered into amendment to non-redemption agreement extending term.
- Alpha Technology Group Limited (NASDAQ:ATGL) shares fell 14.7% to $25.43 after jumping 136% on Thursday.
- WeTrade Group, Inc. (NASDAQ:WETG) declined 14.7% to $6.79
- Solid Biosciences Inc. (NASDAQ:SLDB) fell 14% to $2.34. Solid Biosciences recently announced that it has received FDA clearance of an IND application for its Duchenne muscular dystrophy gene therapy candidate.
- American Software, Inc. (NASDAQ:AMSWA) declined 12.1% to $9.65 after the company reported worse-than-expected second-quarter financial results and issued FY24 revenue guidance below estimates. Also, B. Riley Securities lowered its price target from $17 to $16 on the stock.
- Infobird Co., Ltd (NASDAQ:IFBD) fell 11.5% to $0.0905. Infobird disclosed a 1-for-20 share consolidation and increase of the authorized share capital.
- Mondee Holdings, Inc. (NASDAQ:MOND) tumbled 9.6% to $3.2250. Mondee Holdings files for secondary offering of up to 1.3 million shares of common stock.
- Beazer Homes USA, Inc. (NYSE:BZH) fell 9.2% to $27.45 after the company reported a year-over-year decrease in fourth-quarter EPS results.
- trivago N.V. (NASDAQ:TRVG) fell 8.8% to $2.7450.
- Spectrum Brands Holdings, Inc. (NYSE:SPB) fell 7.2% to $71.31 following fourth-quarter results.
- Atkore Inc. (NYSE:ATKR) fell 6.5% to $126.48 following weak revenue.
- ZTO Express (Cayman) Inc. (NYSE:ZTO) shares declined 5.4% to $22.74 following third-quarter results.
- Applied Materials, Inc. (NASDAQ:AMAT) shares fell 4.3% to $148.11 after the company reported fourth-quarter financial results.