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Dolby (DLB) plunges 19.3% after reporting FQ3 revenue of $219M (-5% Y/Y) and EPS of $0.65,...

Dolby (DLB) plunges 19.3% after reporting FQ3 revenue of $219M (-5% Y/Y) and EPS of $0.65, beating consensus by $2.9M and $0.11. FY11 EPS guidance of $2.87-$2.96 is above a $2.60 consensus, and revenue guidance of $930M-$955M mostly beats an average forecast of $931.8M. During its FQ3 CC, the company disclosed its technology won't be included in Windows 8.
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