Dolby Laboratories up after reporting rise in Q4 revenue, profit

Dolby Laboratories

19/11/2024 21:41

** Shares of audio and imaging products maker Dolby
Laboratories  DLB.N  up 10.4% at $78.25 in after-hours trade
    ** Q4 total revenue rises to $305 mln from $291 mln a year
ago
    ** GAAP net income rises to $59 mln, or 61 cents per share,
vs 9 mln, or 9 cents per share, last year
    ** "As we enter fiscal 2025, we have strong momentum with
Dolby Atmos and Dolby Vision, our imaging patent portfolio has
gotten stronger with the GE Licensing acquisition," says CEO
Kevin Yeaman
    ** YTD, DLB down 17% as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com))