Dolby Laboratories Fiscal Q4 Non-GAAP Earnings, Revenue Rises; Shares Jump After Hours

MT Newswires Live
2024-11-20

Dolby Laboratories (DLB) reported fiscal Q4 non-GAAP earnings late Tuesday of $0.81 per diluted share, up from $0.65 a year earlier.

Three analysts polled by FactSet expected $0.70.

Revenue in the quarter ended Sept. 27 rose to $304.8 million from $290.6 million a year earlier.

Three analysts expected EPS of $308 million.

The company expects Q1 non-GAAP EPS of $0.96 to $1.11 on revenue of $330 million to $360 million.

Three analysts polled by FactSet expect EPS of $1.09 on revenue of $338 million.

The company expects fiscal 2025 non-GAAP EPS of $3.99 to $4.14 on revenue of $1.33 billion to $1.39 billion. Three analysts forecast EPS of $3.81 on revenue of $1.33 billion.

The company declared a dividend of $0.33 per share of class A and class B common stock, payable Dec. 10 to investors of record Dec. 3.

Shares of the company jumped 11% in after-hours activity.

Price: 78.50, Change: +7.59, Percent Change: +10.70

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