Dolby Laboratories Q4 Profit Declines - Quick Facts

(RTTNews) - Dolby Laboratories, Inc. (DLB) reported fourth-quarter net income of $45.8 million, or $0.44 per share, compared to $51.5 million, or $0.49 per share, last year. Adjusted net income was $58.8 million, or $0.57 per share, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.33 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $216.7 million, compared to $225.8 million, prior year. Analysts expected revenue of $210.12 million for the quarter.

Dolby estimates that its first-quarter total revenue will range from $205 million to $215 million. Earnings per share is expected to be between $0.28 and $0.36 on a GAAP basis and $0.42 and $0.50 on a non-GAAP basis. Analysts expect the company to report first-quarter profit per share of $0.43 on revenue of $228.85 million.

Dolby anticipates its fiscal 2014 total revenue will range from $900 million to $930 million. Analysts expect the company to report fiscal 2014 total revenue of $913.53 million.