SAN FRANCISCO (AP) _ Dolby Laboratories Inc. (DLB) on Monday reported fiscal third-quarter profit of $67.3 million.

The San Francisco-based company said it had profit of 66 cents per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The creator and licensor of audio, video and voice technologies posted revenue of $246.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $231.5 million.

For the current quarter ending in September, Dolby Laboratories expects its per-share earnings to range from 22 cents to 37 cents.

The company said it expects revenue in the range of $225 million to $255 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $250.4 million.

Dolby Laboratories expects full-year earnings in the range of $2.76 to $2.91 per share, with revenue ranging from $1.12 billion to $1.15 billion.

Dolby Laboratories shares have climbed roughly 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $69.96, a climb of nearly 3% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLB at https://www.zacks.com/ap/DLB

Automated Insights, source Associated Press News