DLB Dolby Laboratories Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : DLB Dolby Laboratories

DLB 65.12

+0.2%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Cooters	1/30/2019 11:39:38 PM
	of 324

Very quick CC notes - 1/30/2019. - Revenue was $302M vs. $300M a year ago, but that included a $20M recovery. So 8% top line growth, getting closer to their double digit goal. And all this amidst a trade war with China and slowing global growth. They said in the call that their decision to hold full year guidance despite the Q1 beat was due to the possibility of softness in China, though they haven't seen it yet. In fact, they stated "we haven't detected any major changes in the tone of the conversation and people's plans." - They highlighted Dolby Cinema, consumer electronics and gaming as the reasons for the above expectations revenue number. For Dolby Cinema, they have more than 20 exhibitor partners with about 200 screens open and another 200 committed. They have 8 partners in China. - They bought back a lot of stock in the quarter, I think that is part of their plan to use the overseas cash that was freed up by tax reform. They are under $200M in remaining buyback authorization, so while I didn't get the major capital allocation improvement I expected, we should see a new buyback later this year. Cooters PS - My last update on Dolby Cinema was a year ago, as follows: Dolby Cinema added 20 in Q1 for a total of 133. Total commitments at 360. They expect to add as many in 2018 as they did in 2017. So they continued to add around 20 per quarter, and added 40 to the total commitment.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next