Dolby Laboratories, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2024
February 01, 2024 at 04:15 pm EST
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Dolby Laboratories, Inc. provided earnings guidance for the second quarter and full year of 2024. For its second quarter, Total revenue is estimated to range from $345 million to $375 million. Diluted earnings per share is anticipated to range from $0.82 to $0.97 on a GAAP basis.
For the full year of fiscal 2024, Total revenue is expected to be roughly $1.30 billion. Dolby expects operating margins on a GAAP basis to be roughly 20%. Diluted earnings per share is anticipated to range from $2.30 to $2.45 on a GAAP basis.
Dolby Laboratories, Inc. is engaged in designing and manufacturing of audio and imaging hardware and software products for the cinema, television, broadcast and entertainment industries. The Company's products are used in content creation, distribution and playback to enhance image and sound quality and improve transmission and playback. Its cinema imaging products include digital cinema servers used to load, store, decrypt, decode, watermark, and playback digital film files for presentation on digital cinema projectors and software used to encrypt, encode and package digital media files for distribution. Its cinema audio products include cinema processors, amplifiers and loudspeakers used to decode, render, and optimally play back digital cinema soundtracks, including those using Dolby Atmos. The Company's other products include three dimensional glasses and kits, broadcast hardware and software. Its technology includes Dolby Atmos, Dolby TrueHD, Dolby Vision and Dolby Digital Plus.
DOLBY LABORATORIES, INC. 
