Dolby Laboratories, Inc. Reports Earnings Results for the Second Quarter Ended March 26, 2021
May 04, 2021 at 02:18 pm EDT
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Dolby Laboratories, Inc. announced earnings results for the second quarter ended March 26, 2021. For the second quarter, the company announced total revenue was USD 319.558 million compared to USD 351.815 million a year ago. Operating income was USD 83.187 million compared to USD 105.945 million a year ago. Net income was USD 76.217 million compared to USD 88.496 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to USD 0.86 a year ago. For the half year, total revenue was USD 709.432 million compared to USD 643.692 million a year ago. Operating income was USD 247.934 million compared to USD 154.535 million a year ago. Net income was USD 211.415 million compared to USD 137.249 million a year ago. Basic earnings per share from continuing operations was USD 2.09 compared to USD 1.36 a year ago. Diluted earnings per share from continuing operations was USD 2.02 compared to USD 1.33 a year ago.
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. 
