Dolby Laboratories (DLB) Reports 4Q EPS Miss; B. Riley Cuts Price target to $41

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Go back to Dolby Laboratories (DLB) Reports 4Q EPS Miss; B. Riley Cuts Price target to $41

Dolby Laboratories Reports Fourth Quarter and Fiscal Year 2015 Financial Results

October 21, 2015 4:15 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Dolby Laboratories, Inc. (NYSE: DLB) today announced the Company's financial results for the fourth quarter (Q4) and fiscal year that ended September 25, 2015. For the fourth quarter, Dolby reported total revenue of $229.5 million, compared to $227.0 million for the fourth quarter of fiscal year 2014. For fiscal 2015, Dolby reported total revenue of $967.4 million, compared to $960.2 million for fiscal 2014.

Fourth quarter GAAP net income was $44.5 million, or $0.43 per diluted share, compared to $45.9 million, or $0.44 per diluted share, for the fourth quarter of fiscal 2014. On a non-GAAP basis, fourth quarter net income was $42.3 million, or... More