Dolby Laboratories, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 29, 2024
May 03, 2024 at 01:45 am IST
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Dolby Laboratories, Inc. reported earnings results for the second quarter and six months ended March 29, 2024. For the second quarter, the company reported revenue was USD 364.52 million compared to USD 375.89 million a year ago. Net income was USD 97.83 million compared to USD 95.7 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1 a year ago. Diluted earnings per share from continuing operations was USD 1.01 compared to USD 0.98 a year ago.
For the six months, revenue was USD 680.1 million compared to USD 710.81 million a year ago. Net income was USD 164.81 million compared to USD 175.07 million a year ago. Basic earnings per share from continuing operations was USD 1.72 compared to USD 1.83 a year ago. Diluted earnings per share from continuing operations was USD 1.69 compared to USD 1.8 a year ago.
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. 
