SAN FRANCISCO (AP) _ Dolby Laboratories Inc. (DLB) on Tuesday reported fiscal fourth-quarter net income of $44.2 million.

The San Francisco-based company said it had profit of 42 cents per share. Earnings, adjusted for one-time gains and costs, came to 58 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The creator and licensor of audio, video and voice technologies posted revenue of $285 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $296.9 million.

For the year, the company reported profit of $310.2 million, or $2.97 per share. Revenue was reported as $1.28 billion.

For the current quarter ending in January, Dolby Laboratories expects its per-share earnings to range from 98 cents to $1.13. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.18.

The company said it expects revenue in the range of $345 million to $375 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $377.3 million.

Dolby Laboratories expects full-year earnings in the range of $3.52 to $4.02 per share, with revenue ranging from $1.34 billion to $1.4 billion.

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

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