SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Dolby Laboratories Inc. (DLB) on Thursday reported net income of $97.8 million in its fiscal second quarter.
On a per-share basis, the San Francisco-based company said it had net income of $1.01. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.
The creator and licensor of audio, video and voice technologies posted revenue of $364.5 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $362 million.
For the current quarter ending in June, Dolby Laboratories expects its per-share earnings to range from 51 cents to 66 cents.
The company said it expects revenue in the range of $270 million to $300 million for the fiscal third quarter.
Dolby Laboratories expects full-year earnings in the range of $3.60 to $3.75 per share, with revenue expected to be $1.3 billion.
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