Dolby Laboratories Inc. (DLB) reported second quarter non-GAAP net income of $0.91 per share after the bell Thursday, compared to $0.81 per share in the previous year. The consensus estimate was for EPS of $0.75. Full year 2012 non-GAAP EPS is expected to be between $2.80 and $3.04. The consensus estimate is for EPS of $2.57.
Dolby Laboratories gapped open sharply higher Friday, but traded in a range for the majority of the session. Shares finished up by 6.59 at $44.22 on strong volume. The stock leaped to over a 9-month high.
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