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Dolby Laboratories: Fiscal 1Q Earnings Snapshot

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SAN FRANCISCO (AP) _ Dolby Laboratories Inc. (DLB) on Thursday reported fiscal first-quarter profit of $135.2 million.

The San Francisco-based company said it had profit of $1.30 per share. Earnings, adjusted for one-time gains and costs, came to $1.48 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The creator and licensor of audio, video and voice technologies posted revenue of $389.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $344.2 million.

For the current quarter ending in April, Dolby Laboratories expects its per-share earnings to range from 57 cents to 72 cents.

The company said it expects revenue in the range of $280 million to $310 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $289 million.

Dolby Laboratories shares have fallen 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $89.20, a rise of 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLB at https://www.zacks.com/ap/DLB