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Dolby Laboratories' Q4 Beats Estimates; Issues In Line Guidance, Raises Quarterly Dividend

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For the fiscal Q4 ended Sept 30, Dolby Laboratories ( DLB ) reported non-GAAP earnings of $0.37 per share, down from $0.43 from last year, but above the consensus estimate from Capital IQ of $0.35 per share.

On a GAAP basis, EPS of $0.23 was down from $0.45 for Q4 2015.

Total revenue of $233 million beat the estimated $226.5 million and is up slightly from $232.7 million for the same quarter last year.

For Q1 2017, Dolby forecasts non-GAAP earnings of $0.49 to $0.55 per share on revenue of $250 million to $260 million. This compares to Wall Street estimates of $0.55 per share on revenue of $255.4 million.

For FY17, the company projects revenue of $1.06 billion to $1.09 billion versus estimates of $1.08 billion.

The company also declared a quarterly cash dividend of $0.14 per share, payable on Nov 16 to shareholders of record as of Nov 7.

This is an increase of $0.02 from the previous quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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