Dolby (DLB) Q2 Earnings Outpace Estimates, Revenues Match
Zacks Investment Research | May 02, 2019 08:46AM ET
Dolby Laboratories, Inc. (NYSE:DLB) reported solid second-quarter fiscal 2019 financial results, wherein both the bottom line and the top line increased year over year. The audio, video and voice technologies’ licensor expanded the amount of content and devices in Dolby Vision and Dolby Atmos, and grew its footprint of Dolby Cinema.
Net Income
On a GAAP basis, net income for the quarter was $73.4 million or 70 cents per share compared with $65.2 million or 61 cents per share in the year-ago quarter. The improvement was primarily driven by top-line growth.
Non-GAAP net income came in at $109 million or $1.04 per share compared with $78.1 million or 73 cents per share in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate by 20 cents.
Dolby Laboratories Price, Consensus and EPS Surprise
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