Core Insights - Dolby Laboratories reported strong financial results for the fourth quarter and fiscal year 2024, with total revenue of $305 million for Q4 and $1.27 billion for the full year, showing growth in net income and earnings per share compared to the previous year [2][3]. Financial Highlights - Fourth Quarter Fiscal 2024: - Total revenue was $305 million, up from $291 million in Q4 fiscal 2023 - GAAP net income was $59 million ($0.61 per diluted share), compared to $9 million ($0.09 per diluted share) in Q4 fiscal 2023 - Non-GAAP net income was $78 million ($0.81 per diluted share), compared to $64 million ($0.65 per diluted share) in Q4 fiscal 2023 [2] - Full Year Fiscal 2024: - Total revenue was $1.27 billion, down from $1.30 billion in fiscal 2023 - GAAP net income was $262 million ($2.69 per diluted share), compared to $201 million ($2.05 per diluted share) in fiscal 2023 - Non-GAAP net income was $369 million ($3.79 per diluted share), compared to $348 million ($3.56 per diluted share) in fiscal 2023 - Cash flows from operations were $327 million, down from $367 million in fiscal 2023 [3] Recent Business Developments - Dolby closed the acquisition of GE Licensing, enhancing its imaging patent portfolio and expected to be accretive to margins and earnings in fiscal 2025 [5] - The company acquired THEO Technologies to improve Dolby.io's real-time streaming capabilities [5] - Dolby expanded its automotive partnerships, now having over 20 partners supporting Dolby Atmos, up from 10 partners a year ago [5] - Major product launches supporting Dolby technologies include Apple's iPhone 16, Xiaomi's new 4K QLED TVs, and Lenovo's new Thinkpad models [5] Upcoming Events - Dolby will host an investor event at CES on January 8, 2025, to showcase its technologies [6] Dividend Announcement - Dolby announced a cash dividend of $0.33 per share, payable on December 10, 2024, to stockholders of record as of December 3, 2024 [7] Credit Facility - Dolby entered into a $250 million revolving credit facility with Bank of America, which includes $150 million of uncommitted incremental capacity [8] Financial Outlook - For Q1 fiscal 2025, Dolby estimates total revenue between $330 million and $360 million, with licensing revenue between $305 million and $335 million [11] - For the full year fiscal 2025, total revenue is expected to range from $1.33 billion to $1.39 billion [12]

Dolby Laboratories Inc (DLB) is slated to report fourth-quarter fiscal 2024 results on Nov. 19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fiscal fourth-quarter revenues is pegged at $305.8 million, which implies growth of 5.3% from the year-ago quarter’s reported figure. DLB expects revenues in the range of $300-$320 million.For the fourth quarter of fiscal 2024, Dolby expects non-GAAP EPS to be between 61 cents and 76 cents. The consensus mark ...

Wall Street analysts forecast that Dolby Laboratories (DLB) will report quarterly earnings of $0.68 per share in its upcoming release, pointing to a year-over-year increase of 4.6%. It is anticipated that revenues will amount to $305.82 million, exhibiting an increase of 5.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timefr ...

Core Viewpoint - The market anticipates Dolby Laboratories (DLB) will report a year-over-year increase in earnings driven by higher revenues for the quarter ended September 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus EPS estimate for Dolby is $0.68 per share, reflecting a year-over-year increase of 4.6%, while revenues are projected to be $305.82 million, up 5.3% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Dolby is lower than the consensus estimate, resulting in an Earnings ESP of -1.47%, indicating a bearish outlook from analysts [10][11]. Historical Performance - In the last reported quarter, Dolby exceeded the expected earnings of $0.59 per share by delivering $0.71, achieving a surprise of 20.34%. The company has beaten consensus EPS estimates in the last four quarters [12][13]. Investment Considerations - Despite the potential for an earnings beat, the combination of a negative Earnings ESP and a Zacks Rank of 4 suggests that predicting a positive outcome for Dolby is challenging [11][16].

Core Insights - Cognition Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing drugs for neurodegenerative disorders, specifically targeting dementia with Lewy bodies (DLB) and Alzheimer's disease [1][4] - The company has launched a new podcast episode during DLB Awareness Month, discussing the clinical research and unique symptoms associated with DLB [1][2] Company Overview - Cognition Therapeutics is engaged in discovering and developing small molecule therapeutics aimed at age-related degenerative disorders of the central nervous system and retina [4] - The lead candidate, CT1812, is currently being investigated in clinical programs for Alzheimer's disease, DLB, and dry age-related macular degeneration [4] SHIMMER Study Details - The SHIMMER study is a Phase 2 clinical trial involving 130 adults with mild-to-moderate DLB, assessing the efficacy of CT1812 [5][6] - Participants are randomized to receive either a placebo or one of two doses of CT1812 (100 mg or 300 mg) for six months, with various cognitive assessments conducted throughout the study [5] - The study is supported by a grant from the National Institute on Aging totaling approximately $30 million and is being conducted at over 30 sites in the U.S. [6]

SAN FRANCISCO, Oct. 10, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment, will release financial results for the fourth quarter (Q4) and full year of fiscal 2024 after the close of regular trading on Tuesday, November 19, 2024. Members of Dolby management will lead a conference call open to all interested parties to discuss Q4 and full year fiscal 2024 financial results for Dolby Laboratories at 2:00 p.m. PT (5:00 p.m. ET) on Tuesday, November 19, 2024. Access t ...

Dolby Laboratories, Inc. (DLB) has launched a new suite of cloud video products and solutions designed for real-time interactive streaming. Available as standalone tools or integrated solutions, they offer superior live sports and entertainment experiences. This launch follows Dolby's recent acquisition of THEO Technologies, a leading provider of premium video streaming tools used by prominent sports, media and entertainment companies globally. THEOads is an advanced ad insertion tool that enhances advertis ...

Core Viewpoint - Dolby Laboratories reported a mixed performance in its latest earnings, with non-GAAP EPS exceeding estimates while revenues declined year-over-year, prompting a cautious outlook for the remainder of the fiscal year [2][3][10]. Financial Performance - Dolby's Q3 fiscal 2024 non-GAAP EPS was 71 cents, up from 55 cents in the prior-year quarter, surpassing the Zacks Consensus Estimate by 20.3% [2] - Revenues for the quarter were $288.8 million, a decline of 3% year-over-year, but still beating the Zacks Consensus Estimate by 0.9% [2] - Gross profit decreased to $253.1 million from $256.8 million in the year-ago quarter, while total operating expenses fell to $216.3 million from $240.9 million [6] Segment Performance - Licensing revenues were $267 million, down 2% year-over-year, while Products and Services revenues fell 14% to $21.7 million due to weak box office trends and device sales [4] - Broadcast Licensing contributed 36% to total licensing revenues, with Mobile Licensing, Consumer Electronics, PC Licensing, and Other Markets accounting for 11%, 10%, 15%, and 19% respectively [5] Cash Flow and Share Repurchase - For the six months ending June 30, Dolby generated $211.1 million in net cash from operating activities, down from $282.1 million in the prior-year period [7] - The company repurchased nearly 423,000 shares during the quarter, with $72 million remaining in its stock repurchase authorization, and an increase of $350 million to its stock repurchase program was approved [8] Outlook - For Q4 fiscal 2024, Dolby expects GAAP EPS between 31-46 cents and non-GAAP EPS between 61-76 cents, with revenues projected at $300-$320 million [9] - Full-year revenue estimates have been revised down to $1.27-$1.29 billion from a previous estimate of $1.3 billion due to lower-than-anticipated shipments and cinema revenues [10] - Dolby anticipates GAAP operating margin at 20% and non-GAAP operating margin at nearly 31% for the fiscal year [11] Estimate Trends - Recent estimates have shown a downward trend, with the consensus estimate shifting down by 21.39% [12] - Dolby Laboratories currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [14]

Company Announcement - Dolby Laboratories, Inc. will have a fireside chat hosted by President and CEO Kevin Yeaman at the Goldman Sachs Communacopia and Technology Conference on September 12, 2024, at 8:50 AM PT [1] - A live webcast and replay of the event will be accessible at http://investor.dolby.com [1] Company Overview - Dolby Laboratories is headquartered in San Francisco, California, with a global presence [2] - The company specializes in transforming sight and sound into exceptional experiences for billions, partnering with various stakeholders in entertainment and communications [2] - Key technologies include Dolby Atmos, Dolby Vision, Dolby Cinema, and Dolby.io [2]

SAN FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE:DLB) today announced that Robert Park, Chief Financial Officer, will host a fireside chat at the Rosenblatt Technology Summit virtually on Tuesday, August 20, 2024, at 3:00 PM ET. A live webcast and replay of the event will be available at http://investor.dolby.com. About Dolby Laboratories Dolby Laboratories (NYSE: DLB) is based in San Francisco, California with offices around the globe. From movies and TV shows, to apps, music, sp ...