Dolby Laboratories: Fiscal 4Q Earnings Snapshot

SAN FRANCISCO (AP) _ Dolby Laboratories Inc. (DLB) on Wednesday reported fiscal fourth-quarter profit of $50.1 million.

The San Francisco-based company said it had net income of 47 cents per share. Earnings, adjusted for one-time gains and costs, came to 44 cents per share.

The creator and licensor of audio, video and voice technologies posted revenue of $265.3 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $272.4 million.

For the year, the company reported profit of $122.2 million, or $1.14 per share. Revenue was reported as $1.17 billion.

Dolby Laboratories shares have climbed almost 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.83, a rise of almost 7 percent 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