Dolby Laboratories Q3 Profit Decreases - Quick Facts

(RTTNews) - Dolby Laboratories Inc. (DLB) reported that its third-quarter net income attributable to company decreased to $30.22 million or $0.29 per share, from $51.53 million or $0.48 per share, last year. On a non-GAAP basis, third-quarter net income was $48.5 million, or $0.47 per share, compared to $60.8 million, or $0.57 per share, for the third quarter of fiscal 2012. On average, eight analysts polled by Thomson Reuters expected the company to report profit of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue decreased to $207.07 million, from $210.32 million last year. Analysts expected revenue of $208.61 million for the quarter.

Dolby anticipates total revenue for the fourth quarter of fiscal year 2013 to range from $205 million to $215 million. Dolby expects earnings per share to be between $0.30 and $0.36 on a GAAP basis and between $0.45 and $0.51 on a non-GAAP basis. Analysts expect the company to report fourth-quarter profit per share of $0.43 on revenue of $227.25 million.

The company estimates that its total revenue for fiscal year 2013 will range from $900 million to $910 million. Analysts expect the company to report fiscal 2013 revenue of $921.81 million.