Dolby Q3 revenue up 3% to $298.4M; GAAP EPS $0.17, non-GAAP EPS $0.55; dividend $0.27

Dolby Laboratories, Inc.

2023-Q3 EPS reported $1.96 revenue$1,009,182,000

Revenue $298.4M (+3% YoY); GAAP net income $16.4M ($0.17 EPS) vs $39.6M ($0.39 EPS) prior year.
Non-GAAP net income $54.1M ($0.55 EPS) vs $68.7M ($0.68 EPS); cash from ops $121.1M, down from $172.6M.
Repurchased 0.3M shares; $237M buyback authorization remaining at quarter end.
Declared $0.27/share cash dividend, payable Aug 22 record Aug 14.
Max, Sony PS5, NIO, Lotus adopted Dolby Atmos/Vision; Dolby Atmos Music on WYNK India.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Dolby Laboratories, Inc. reported third quarter of fiscal 2023 results: revenue $298.4 million, net income $16.4 million, or $0.17 per diluted share, EPS $0.17 per diluted share.

Period: third quarter of fiscal 2023
Revenue: $298.4 million
Net income: $16.4 million, or $0.17 per diluted share
EPS: $0.17 per diluted share
Result: reported results

Exact text from the filing

Total revenue was $298.4 million, compared to $289.6 million for the third quarter of fiscal 2022. GAAP net income was $16.4 million, or $0.17 per diluted share, compared to GAAP net income of $39.6 million, or $0.39 per diluted share, for the third quarter of fiscal 2022.

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Source: SEC EDGAR

accession 0001171843-23-004979

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