DLB up 4.50 to $47.42
Dolby Labs (DLB) first-quarter net income rose to $47.7 million, or 42 cents a share, from $29.9 million, or 27 cents a share, a year earlier. Revenue increased to $150.2 million from $104.4 million the year before. On average, analysts had expected first-quarter earnings of 32 cents a share and revenue of $134.4 million. Dolby raised its 2008 forecasts, now projecting earnings of $1.34 to $1.44 a share and revenue of $575 million to $615 million. The company had predicted annual net income of $1.27 to $1.37 a share and revenue of $560 million to $600 million.
That is the company's 11th straight quarter or earnings and revenue growth!!!
The company's principal activities are to develop and deliver innovative products and technologies that make the entertainment experience more realistic and immersive in theatres, homes and cars. The Group operates in single segments, licenses its technologies to manufacturers of DVD players, DVD recorders, audio/video receivers, television sets, set-top boxes, video game consoles, personal audio and video players, personal computers, in-car entertainment systems and other consumer electronics. The Products and Production Services segment designs, manufactures and sells audio products for the motion picture, broadcast, music and video game industries to improve sound quality, provide surround sound and increase the efficiency of sound storage and distribution.
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