Dolby Laboratories Inc. (DLB) reported first quarter EPS of $0.64 after the close Wednesday, compared to the $0.61 in the previous year. The consensus estimate was for EPS of $0.49. The company expects to report full year 2010 EPS of $2.21 to $2.32, which is above the consensus estimate of $1.99.
Dolby Laboratories Inc. gapped open higher Thursday and has continued to rise. Shares are currently up 3.10 at $53.13. The stock has broken out of a one-month trading range and has set a new high for the year.
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