Dolby Laboratories (DLB) reported earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line totaled $67.8 million, or $0.70 per share. This compares with $67.0 million, or $0.69 per share, last year.
Analysts on average had expected the company to earn $0.98 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 13.1% to $357.0 million from $315.6 million last year.
Dolby Laboratories earnings at a glance (GAAP) :
-Earnings: $67.8 Mln. vs. $67.0 Mln. last year.-EPS: $0.70 vs. $0.69 last year.-Revenue: $357.0 Mln vs. $315.6 Mln last year.
-Guidance:Next quarter EPS guidance: $1.19 to $1.34Next quarter revenue guidance: $355 to $385 mlnFull year EPS guidance: $3.99 to $4.14Full year revenue guidance: $1.33 to $1.39 bln
Dolby also announced a cash dividend of $0.33 per share of Class A and Class B common stock, payable on February 19, 2025, to stockholders of record as of February 11, 2025.
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