SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Dolby Laboratories Inc. (DLB) on Thursday reported fiscal second-quarter net income of $94.9 million.
The San Francisco-based company said it had profit of 99 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to $1.37 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The creator and licensor of audio, video and voice technologies posted revenue of $395.6 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $379.7 million.
For the current quarter ending in June, Dolby Laboratories expects its per-share earnings to range from 56 cents to 71 cents.
The company expects full-year earnings in the range of $4.30 to $4.45 per share.
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