Dolby Laboratories, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2024
November 16, 2023 at 04:15 pm EST
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Dolby Laboratories, Inc. provided earnings guidance for the first quarter and full year of fiscal 2024. For the quarter, the company expects total revenue to range from $300 million to $330 million. Diluted earnings per share is anticipated to range from $0.44 to $0.59 on a GAAP basis.
For the full year, the company expects total revenue to be approximately $1.30 billion. Diluted earnings per share is anticipated to range from $2.30 to $2.45 on a GAAP basis.
Dolby Laboratories, Inc. is engaged in designing and manufacturing of audio and imaging hardware and software products for the cinema, television, broadcast and entertainment industries. The Company's products are used in content creation, distribution and playback to enhance image and sound quality and improve transmission and playback. Its cinema imaging products include digital cinema servers used to load, store, decrypt, decode, watermark, and playback digital film files for presentation on digital cinema projectors and software used to encrypt, encode and package digital media files for distribution. Its cinema audio products include cinema processors, amplifiers and loudspeakers used to decode, render, and optimally play back digital cinema soundtracks, including those using Dolby Atmos. The Company's other products include three dimensional glasses and kits, broadcast hardware and software. Its technology includes Dolby Atmos, Dolby TrueHD, Dolby Vision and Dolby Digital Plus.
DOLBY LABORATORIES, INC. 
