Dolby Labs (DLB) reported earnings on Thur 14 Nov 19 (a/h)

** charts before earnings **

 

** charts after earnings **

Dolby Labs reports EPS in-line, revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY20 EPS below consensus, revs below consensus

Reports Q4 (Sep) earnings of $0.66 per share, in-line with the S&P Capital IQ Consensus of $0.66; revenues rose 24.2% year/year to $298.8 mln vs the $297.55 mln S&P Capital IQ Consensus.

Co issues downside guidance for Q1, sees EPS of $0.45-$0.51 vs. $0.84 S&P Capital IQ Consensus; sees Q1 revs of $275-$295 mln vs. $326.42 mln S&P Capital IQ Consensus. Gross margin percentages will be approximately 88% on a GAAP basis and approximately 89% on a non-GAAP basis.

Co issues downside guidance for FY20, sees EPS of $3.40-$3.50 vs. $3.54 S&P Capital IQ Consensus; sees FY20 revs of $1.30-$1.35 bln vs. $1.35 bln S&P Capital IQ Consensus. Gross margin percentages will range from 87% to 88% on a GAAP basis and from 88% to 89% on a non-GAAP basis.