Dolby Labs Beats Earnings Expectations

Dolby Laboratories exceeded earnings expectations in Q4, reporting a net income of $49.3 million, or $0.51 per share, and adjusted earnings of $0.99 per share. Revenue reached $307 million, surpassing forecasts. For the full year, Dolby posted a profit of $255 million and revenue of $1.35 billion. Looking ahead, Dolby anticipates Q1 earnings between $0.79 and $0.94 per share and revenue between $315 million and $345 million. For the full year, they project earnings per share between $4.19 and $4.34 and revenue between $1.39 billion and $1.44 billion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.