Dougherty & Co Upgrades Dolby Laboratories (DLB) to Buy
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Dolby Laboratories Reports First Quarter Fiscal 2016 Financial Results
January 27, 2016 4:15 PM ESTSAN FRANCISCO--(BUSINESS WIRE)-- Dolby Laboratories, Inc. (NYSE: DLB) today announced the Companys financial results for the first quarter (Q1) of fiscal year 2016. For the first quarter, Dolby reported total revenue of $240.8 million, compared to $234.2 million for the first quarter of fiscal year 2015.
First-quarter GAAP net income was $30.9 million, or $0.30 per diluted share, compared to $41.4 million, or $0.40 per diluted share, for the first quarter of fiscal 2015. On a non-GAAP basis, first-quarter net income was $48.6 million, or $0.48 per diluted share, compared to $58.5 million, or $0.56 per diluted share, for the first quarter of fiscal... More
