Key Developments: Dolby Laboratories Inc (DLB)
34.53USD
24 May 2013
$0.35 (+1.02%)
$34.18
$33.82
$34.69
$33.82
457,453
452,507
$44.41
$28.66
Latest Key Developments (Source: Significant Developments)
Dolby Laboratories Inc Issues Q3 2013 Guidance; EPS Guidance Above Analysts' Estimates; Lowers High End Of Prior FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates
Dolby Laboratories Inc announced that for the third quarter of 2013, it expects total revenue to range from $205 million to $215 million, diluted earnings per share (EPS) to be between $0.26 and $0.32 on a GAAP basis and between $0.42 and $0.49 on a non-GAAP basis. For fiscal 2013, it expects total revenue will range from $910 million to $940 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $921 million for fiscal 2013; revenue of $211 million and EPS of $0.35 for the third quarter of 2013. Full Article
Wanda Cinemaline Selects Dolby Laboratories, Inc.'s Dolby Atmos for X-Land Giant Screen
Dolby Laboratories, Inc. announced that Wanda Cinemaline Corporation, owner of one of the largest cinema chain in China, has chosen Dolby Atmos as the standard audio system for its giant screen, X-Land, and plans to equip all current and upcoming X-Land screens with Dolby Atmos technology. The chain aims to provision the X-Land screen in Wanda’s Chongqing Wanzhou cinema branch with Dolby Atmos, with the debut scheduled for July 2013. Wanda executives plan to install Dolby Atmos capability in at least six of the cinema chain’s X-Land locations by the end of 2013. Full Article
Dolby Laboratories Inc Raises Low End OF Prior FY 2013 Revenue Guidance To A Range In Line With Estimates; Issues Q2 2013 Mixed Guidance
Dolby Laboratories Inc announced that for fiscal 2013, it expects total revenue to range from $910 million to $950 million. For second quarter of 2013, it is anticipating total revenue to range from $240 million to $250 million and diluted earnings per share $0.53 and $0.60 on a GAAP basis and between $0.68 and $0.75 on a non-GAAP basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $919 million for fiscal 2013; revenue of $251 million and EPS of $0.64 for the second quarter of 2013. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against Dolby Laboratories Inc. (DLB) For Potential Breaches Of Fiduciary Duties By Board Of Directors
Faruqi & Faruqi, LLP, announced that it is investigating the Board of Directors of Dolby Laboratories Inc. (Dolby or the Company) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for the amendment and restatement of the Company`s 2005 Stock Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 26, 2012, the Board of Directors recommends that Dolby`s shareholders vote to approve the amendment and restatement of the Company`s 2005 Stock Plan to reserve an additional 8,000,000 shares of Class A Common Stock for issuance thereunder. Dolby`s Board of Directors also recommends that shareholders vote for a proposal to amend and restate the Company`s Employee Stock Purchase Plan to reserve an additional 3,000,000 shares of Class A Common Stock for purchase thereunder. The issuance of the additional shares could have a substantial dilutive effect on the shares of Dolby`s common stock. Full Article
Dolby Laboratories Inc Announces One-Time Special Dividend
Dolby Laboratories Inc announced that its Board of Directors declared a one-time special dividend in the amount of $4 per share on its Class A Common Stock and Class B Common Stock, to be paid on December 27, 2012, to the stockholders of record as of the close of business on December 21, 2012. Full Article
Dolby Laboratories Inc Issues FY, Q1 2013 Revenue Guidance In Line With Analysts' Estimates; Issues Q1 2013 EPS Guidance Below Analysts' Estimates; Comments On FY 2013 Charge Guidance
Dolby Laboratories Inc announced that for fiscal 2013, it expects total revenue to range from $900 million to $950 million. The Company does not currently anticipate any restructuring charges in fiscal 2013. For first quarter of 2013, it is anticipating total revenue to range from $215 million to $225 million and diluted earnings per share to be between $0.42 and $0.48 on a GAAP basis and between $0.54 and $0.60 on a non-GAAP basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $903 million for fiscal 2013; revenue of $222 million and EPS of $0.57 for the first quarter of 2013. Full Article
Dolby Laboratories Inc. Lowers FY 2012 Guidance
Dolby Laboratories Inc. announced that for fiscal 2012, it is now anticipating total revenue to range from $900 million to $920 million. Dolby continues to expect diluted shares outstanding of approximately 108 million. This outlook leads to a fiscal 2012 diluted earnings per share anticipated range of $2.35 to $2.43 on a GAAP basis and $2.75 to $2.83 on a non-GAAP basis. Full Article
Dolby Laboratories Inc. Issues FY 2012 Revenue Guidance In Line With Analysts' Estimates; Lowers FY 2012 EPS Guidance; Sees FY 2012 Charge Guidance
Dolby Laboratories Inc. announced that for fiscal 2012, it is now targeting revenue of $910 million to $960 million. The Company continues to target charges related to the amortization of acquired intangibles for fiscal 2012 of approximately $10 million and restructuring charges of approximately $2 million. Diluted Earnings per Share The Company expects diluted earnings per share (EPS) target range of $2.38 to $2.62 on a GAAP basis and $2.80 to $3.04 on a non-GAAP basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $942 million and EPS of $2.57 for fiscal 2012. Full Article
Dolby Laboratories Inc. Announces Transition In Executive Vice President And Chief Financial Officer (CFO) Position
Dolby Laboratories Inc. announced the appointment of Lewis Chew as the Company’s Executive Vice President and Chief Financial Officer (CFO), effective June 4, 2012, replacing Murray Demo. Chew replaces Murray Demo, who plans to retire on June 3. Demo will continue at Dolby working closely with Chew through June 3 to ensure a smooth transition. Full Article
Dolby Laboratories Inc. Sues ArcSoft, Inc. For Breach Of Its License Agreements
Dolby Laboratories Inc. through a subsidiary, has sued one of its licensees, ArcSoft, Inc., with headquarters in Fremont, California, for failing to meet its contractual obligations with respect to sales and distribution of software containing Dolby’s technology. The lawsuit alleges that ArcSoft breached its contract with Dolby by, among other things, failing to meet its obligation to properly report, pay royalties, and permit audits for sales of software containing Dolby technology to numerous original equipment manufacturers (OEMs), as well as through direct sales of its software products to consumers. The lawsuit was filed today in San Francisco County Superior Court. Full Article
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