Dolby Laboratories up after Q1 revenue, profit beat

Dolby Laboratories

30/01/2025 17:20

** Shares of audio and imaging products maker Dolby
Laboratories  DLB.N  up as much as 11.2% to more than a year's
high of $89.66
    ** Co beat Q1 revenue and profit estimates after market
close on Wednesday, helped by strong demand for licensing of its
Dolby Atmos and Dolby Vision products
    ** DLB reports Q1 revenue of $357 million, above estimates
of $346.15, and adjusted EPS of $1.14 vs estimates of $1.05 — 
data compiled by LSEG
    ** Co also reiterates fiscal 2025 forecasts of revenue
between $1.33 billion and $1.39 billion, adj EPS between $3.99
and $4.14 
    ** DLB fell ~9% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))