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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Dolby Laboratories Inc. (DLB) on Thursday reported fiscal second-quarter profit of $91.8 million.
The San Francisco-based company said it had profit of 94 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to $1.34 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The creator and licensor of audio, video and voice technologies posted revenue of $369.6 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $378.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLB at https://www.zacks.com/ap/DLB