DLB - Dolby Laboratories Non-GAAP EPS of $0.55 in-line revenue of $298.4M misses by $3.25M

2023-08-03 17:15:31 ET

• Dolby Laboratories press release ( NYSE: DLB ): Q3 Non-GAAP EPS of $0.55 in-line.
• Revenue of $298.4M (+3.0% Y/Y) misses by $3.25M .

• Dolby is providing the following estimates for its fourth quarter of fiscal 2023:

  • Total revenue is estimated to range from $275 million to $305 million.
  • Gross margins are anticipated to be roughly 86.5% on a GAAP basis and roughly 87.5% on a non-GAAP basis.
  • Operating expenses are anticipated to range from $227 million to $237 million on a GAAP basis and from $195 million to $205 million on a non-GAAP basis.
  • Effective tax rate is anticipated to range from 22% to 24% on a GAAP basis and 19% to 21% on a non-GAAP basis.
  • Diluted earnings per share is anticipated to range from $0.10 to $0.30 on a GAAP basis and from $0.40 to $0.60 on a non-GAAP basis.

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