Dolby Labs (DLB) reported earnings on Wed 24 Jan 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

Dolby Labs beats by $0.19, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY18 revs in-line 

• Reports Q1 (Dec) earnings of $0.79 per share, excluding non-recurring items, $0.19 better than the Capital IQ Consensus of $0.60; revenues rose 8.1% year/year to $287.8 mln vs the $265.75 mln Capital IQ Consensus.
  • Co said, "We had a strong first quarter and are off to a great start this year," said Kevin Yeaman, President and CEO, Dolby Laboratories. "Adoption of Dolby Vision and Dolby Atmos continues to expand, with more mainstream availability of TVs and sound bars, and the first PC with Dolby Vision announced by Lenovo."
• Co issues upside guidance for Q2, sees EPS of $0.74-0.80, excluding non-recurring items, vs. $0.71 Capital IQ Consensus Estimate; sees Q2 revs of $295-305 mln vs. $290.54 mln Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY18, sees FY18 revs of $1.15-1.18 bln vs. $1.16 bln Capital IQ Consensus Estimate.