Dolby Laboratories, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 01, 2022
August 09, 2022 at 04:16 pm EDT
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Dolby Laboratories, Inc. reported earnings results for the third quarter and nine months ended July 01, 2022. For the third quarter, the company reported revenue was USD 289.59 million compared to USD 286.8 million a year ago. Net income was USD 39.6 million compared to USD 54.62 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.52 a year ago.
For the nine months, revenue was USD 975.59 million compared to USD 996.23 million a year ago. Net income was USD 156.33 million compared to USD 266.04 million a year ago. Basic earnings per share from continuing operations was USD 1.55 compared to USD 2.63 a year ago. Diluted earnings per share from continuing operations was USD 1.52 compared to USD 2.54 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. 
