Dolby Laboratories Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Dolby Laboratories, Inc. (DLB) reported fourth-quarter net income of $45.9 million, or $0.44 per share, compared to $45.8 million, or $0.44 per share, for the fourth quarter of fiscal 2013. On a non-GAAP basis, net income was $60.8 million, or $0.58 per share, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.31 for the quarter. Analysts' estimates typically exclude special items.

Total revenue of $227.0 million, compared to $216.7 million for the fourth quarter of fiscal year 2013. Analysts expected revenue of $216.70 million for the quarter.

The company announced that its Board has approved a quarterly dividend program for its stockholders. The first dividend payment of $0.10 per share of Class A and Class B Common Stock will be paid on November 20, 2014, to stockholders of record as of the close of business on November 3, 2014.

The company announced that its Board has approved increasing the size of its stock repurchase program by an additional $200 million, bringing the amount available for future repurchases of the company's Class A Common Stock to $260 million.

For its first-quarter, Dolby estimates that total revenue will range from $235 million to $245 million. Dolby expects earnings per share to be between $0.35 and $0.40 on a GAAP basis and between $0.51 and $0.55 on a non-GAAP basis. Analysts expect the company to report first-quarter earnings per share of $0.44 on revenue of $235.51 million.

Dolby anticipates fiscal 2015 total revenue will range from $970 million to $1 billion. Analysts expect the company to report fiscal 2015 revenue of $963.75 million.