Dolby Laboratories: Fiscal First Quarter Earnings Overview
Dolby Laboratories Announces Strong First-Quarter Results
Dolby Laboratories Inc., headquartered in San Francisco, revealed on Thursday that it achieved a net income of $53.3 million for its fiscal first quarter.
The company reported earnings of $0.55 per share, while adjusted earnings—excluding certain one-time items—reached $1.06 per share.
These figures exceeded the expectations of Wall Street analysts, who had predicted earnings of $0.90 per share, according to a survey by Zacks Investment Research.
Dolby, known for its innovations in audio, video, and voice technology, generated $346.7 million in revenue for the quarter. This result also outperformed analyst forecasts, which anticipated $332.8 million in revenue.
Outlook for the Coming Quarters
Looking ahead to the quarter ending in March, Dolby anticipates earnings per share to fall between $1.29 and $1.44.
The company projects revenue for its fiscal second quarter to be between $375 million and $405 million.
For the full fiscal year, Dolby expects earnings per share to range from $4.30 to $4.45, with total revenue estimated between $1.4 billion and $1.45 billion.
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