Dolby Laboratories Inc. (DLB) reported fourth quarter net income of $44.3 million or $0.38 per share, compared to $48.6 million or $0.42 per share in the fourth quarter of fiscal 2008.
For the fourth quarter, Dolby reported total revenue of $163.9 million, up from $163.1 million in the year-ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share on revenue of $156.63 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2010, Dolby anticipates GAAP earnings of $1.85 to $1.96 per share, and non-GAAP earnings of $2.07 to $2.20 per share. Revenue is estimated to be between $720 million and $750 million. Street estimates earnings of $2.00 per share on revenue of $732.02 million for the year.
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