Dolby Labs Q2 Revenues and Net Slide

Dolby Laboratories (NYSE: DLB  ) saw its top and bottom lines both slide in its second fiscal quarter. In its just-released Q2 2013 results, revenue totaled $249 million, down from the $263 million in the same period the previous year. GAAP attributable net profit also dropped, to $62 million ($0.60 per diluted share) from Q2 2012's figure of $88 million ($0.81).

Analysts had been expecting revenue of $246 million and EPS of $0.68.

Dolby also provided forward guidance. For its current quarter, the company believes its revenue will be $205 million to $215 million, with diluted EPS coming in at $0.26 to $0.32. The top line for the full year 2013 is expected to be $910 million-$940 million, with operating expenses coming in at roughly $572 million. Dolby did not provide an EPS estimate.

Read/Post Comments (4) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 25, 2013, at 9:47 PM, CMFBuyn2hold wrote:

    Eric, where did you see analyst estimates of $0.68? Could this possibly be non-GAAP estimate? CAPS is showing $0.54 - $0.59 with an average of $0.56. Others sources show an avg of $0.57. Not that it makes a difference in the long run, but $.03 beat sounds a lot better than $.08 short. Incidentally, DLB non-GAAP EPS was $0.74

  • Report this Comment On April 26, 2013, at 5:23 PM, TMFVolkman wrote:

    buyn2hold, I grabbed that number from our earnings preview -

  • Report this Comment On April 26, 2013, at 10:34 PM, CMFBuyn2hold wrote:

    Hmmm... It's the GAAP / non-GAAP confusion again. Seth's article published today used actual EPS of $0.74 in comparison to the $0.68 estimate.

    Which is correct?

  • Report this Comment On April 27, 2013, at 11:46 AM, CMFBuyn2hold wrote:

    Eric, I re-read both articles and I think I see the problem.

    non-GAAP EPS is $0.74 vs. $0.68 avg analyst estimates (based on Seth's latest article)

    GAAP EPS is $0.60 vs $0.57 avg analyst estimates. (My source for the estimate was Yahoo. CAPS used $0.56 for the avg.)

    On both counts they beat estimates - for what it's worth.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2388691, ~/Articles/ArticleHandler.aspx, 5/29/2015 6:40:43 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...