Dolby Laboratories Q1 Earnings Call Highlights

Park added that GAAP operating expenses in the quarter included a $10 million restructuring charge as the company continues to streamline operations and align resources with business priorities.Licensing revenue totaled $320 million , while product and services revenue was $27 million . The company generated approximately $55 million in operating cash flow, repurchased $70 million of common stock, and ended the quarter with about $207 million remaining on its share repurchase authorization. Dolby also decla ...