Dolby Laboratories Inc. (DLB) Tops Q2 EPS by 38c; Guides Higher

Dolby Laboratories Inc. (NYSE: DLB) reported Q2 EPS of $0.88, $0.38 better than the analyst estimate of $0.50. Revenue for the quarter came in at $278.6 million versus the consensus estimate of $244.77 million.

Dolby Laboratories Inc. sees Q3 2014 EPS of $0.38-$0.43, versus the consensus of $0.32. Dolby Laboratories Inc. sees Q3 2014 revenue of $205-215 million, versus the consensus of $216.93 million.

Dolby Laboratories Inc. sees FY2014 revenue of $930-950 million, versus the consensus of $921.8 million.

“We’re pleased to report our second quarter results with revenues higher than forecast,” said Kevin Yeaman, President and CEO, Dolby Laboratories. “Our broadcast business continues to outperform, and we are excited to work with great partners creating amazing consumer products such as the Sony PlayStation 4, Microsoft Xbox One, and the recently unveiled Amazon Fire TV.”

For earnings history and earnings-related data on Dolby Laboratories Inc. (DLB) click here.

You May Also Be Interested In

• SanDisk upgraded at JPMorgan after investor day; shares climb
• Applied Materials (AMAT) Tops Q3 EPS by 10c, Offers Guidance
• Edible Garden AG (EDBL) Reports Q2 Loss of $18.79