Dolby Laboratories Inc

DLB

Equity

ISIN US25659T1079 / Valor 2005208

New York Stock Exchange, Inc (2024-11-21)

USD 80.25-2.11%

Dolby Laboratories Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Dolby Laboratories Inc is a company known for its innovative audio and imaging technologies that enhance entertainment experiences. The company's products and services are widely used in cinemas, home theaters, mobile devices, and other entertainment platforms to deliver high-quality sound and visuals. Dolby is also involved in providing support to under-resourced students and community programs through grants, volunteer work, and partnerships with organizations like 826 Valencia and Wayside Chapel. Additionally, Dolby employees have contributed to building podcasting booths for students to record their stories and poems, showcasing the company's commitment to empowering creativity and education in the community.

Summarized from source with an LLMView SourceSector: Technology

Revenue

Dolby Laboratories Inc. reported total revenue of $288.8 million for the third quarter of fiscal 2024. This represents a slight decrease compared to the $298.4 million reported for the same quarter in fiscal 2023.

Net Income

For the third quarter of fiscal 2024, Dolby Laboratories Inc. achieved a GAAP net income of $38.4 million, or $0.40 per diluted share. This is a significant increase from the GAAP net income of $16.4 million, or $0.17 per diluted share, reported in the third quarter of fiscal 2023.

Non-GAAP Earnings

On a non-GAAP basis, Dolby Laboratories Inc. reported a net income of $68.8 million, or $0.71 per diluted share, for the third quarter of fiscal 2024. This compares favorably to the non-GAAP net income of $54.1 million, or $0.55 per diluted share, for the same period in fiscal 2023.

Stock Repurchase

During the third quarter of fiscal 2024, Dolby Laboratories Inc. repurchased approximately 423,000 shares of its common stock. The company ended the quarter with approximately $72 million of stock repurchase authorization available for future repurchases.

Dividend

Dolby Laboratories Inc. announced a cash dividend of $0.30 per share of Class A and Class B common stock. This dividend is payable on August 27, 2024, to stockholders of record as of the close of business on August 19, 2024.

Summarized from source with an LLMView Source

Key figures

-5.59%1Y

-10.4%3Y

16.0%5Y

Performance

20.9%1Y

24.1%3Y

28.7%5Y

Volatility