Dolby Laboratories (NYSE: DLB) reported earnings on Jan. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 28 (Q1), Dolby Laboratories beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
Dolby Laboratories tallied revenue of $236.6 million. The nine analysts polled by S&P Capital IQ expected to see a top line of $221.6 million on the same basis. GAAP reported sales were 1.4% higher than the prior-year quarter's $233.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.64. The six earnings estimates compiled by S&P Capital IQ forecast $0.56 per share. GAAP EPS of $0.50 for Q1 were 25% lower than the prior-year quarter's $0.67 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 89.2%, 210 basis points worse than the prior-year quarter. Operating margin was 28.3%, 1,530 basis points worse than the prior-year quarter. Net margin was 21.7%, 960 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $249.0 million. On the bottom line, the average EPS estimate is $0.73.

Next year's average estimate for revenue is $920.9 million. The average EPS estimate is $2.29.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,930 members out of 4,032 rating the stock outperform, and 102 members rating it underperform. Among 1,152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,131 give Dolby Laboratories a green thumbs-up, and 21 give it a red thumbs-down.

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