Dolby Labs (DLB) reported earnings on Thur 3 Feb 22 (a/h)

 

 

 

Dolby Labs misses by $0.05, misses on revs; guides MarQ EPS below consensus, revs below consensus; guides FY22 EPS in-line, revs in-line

• Reports Q1 (Dec) earnings of $1.01 per share, excluding non-recurring items, $0.05 worse than the S&P Capital IQ Consensus of $1.06; revenues fell 9.8% year/year to $351.63 mln vs the $362.22 mln S&P Capital IQ Consensus.
• Co issues downside guidance for Q2 (Mar), sees EPS of $0.72-0.87, excluding non-recurring items, vs. $1.00 S&P Capital IQ Consensus; sees Q2 revs of $315.0-345.0 mln vs. $355.84 mln S&P Capital IQ Consensus.
• Co issues in-line guidance for FY22, sees EPS of $3.52-4.02, excluding non-recurring items, vs. $3.78 S&P Capital IQ Consensus; sees FY22 revs of $1.34-1.40 bln vs. $1.38 bln S&P Capital IQ Consensus.
• Co noted that the volume of shipments, aggregated across various end markets and devices, continues to be impacted and difficult to predict because of economic uncertainty due to COVID-19.
  • The global cinema market has been adversely impacted by COVID-19, and it remains uncertain when and where cinemas will resume operating at full capacity.