Dolby Laboratories: Fiscal Q1 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Dolby Laboratories Inc. (DLB) on Thursday reported earnings of $67 million in its fiscal first quarter.

On a per-share basis, the San Francisco-based company said it had profit of 69 cents. Earnings, adjusted for one-time gains and costs, were $1.01 per share.

The creator and licensor of audio, video and voice technologies posted revenue of $315.6 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $311 million.

For the current quarter ending in March, Dolby Laboratories expects its per-share earnings to range from $1.14 to $1.29.

The company said it expects revenue in the range of $345 million to $375 million for the fiscal second quarter.

Dolby Laboratories expects full-year earnings in the range of $3.60 to $3.75 per share, with revenue expected to be $1.3 billion.

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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