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Technology Stocks : DLB Dolby Laboratories

DLB 65.12

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Nov 7 9:30 AM EST

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From: Cooters	1/29/2020 4:21:14 PM
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Dolby Laboratories Reports First Quarter Fiscal 2020 Financial Results investor.dolby.com Second Quarter Fiscal 2020 Dolby is providing the following estimates for its second quarter of fiscal 2020: Total revenue will range from $370 million to $390 million Gross margin percentages will be approximately 89% on a GAAP basis and approximately 90% on a non-GAAP basis Operating expenses will range from $213 million to $219 million on a GAAP basis and from $191 million to $197 million on a non-GAAP basis Effective tax rate will range from 18% to 20% on both a GAAP basis and non-GAAP basis Diluted earnings per share will range from $0.97 to $1.03 on a GAAP basis and from $1.15 to $1.21 on a non-GAAP basis Fiscal Year 2020 Dolby is providing the following estimates for its fiscal year 2020: Total revenue will range from $1.30 billion to $1.35 billion Gross margin percentages will range from 87% to 88% on a GAAP basis and from 88% to 89% on a non-GAAP basis Operating expenses will range from $829 million to $849 million on a GAAP basis and from $740 million to $760 million on a non-GAAP basis Effective tax rate will range from 17% to 19% on a GAAP basis and from 18% to 20% on a non-GAAP basis Diluted earnings per share will range from $2.64 to $2.74 on a GAAP basis and from $3.40 to $3.50 on a non-GAAP basis

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