By: Benzinga
UPDATE: Dolby Posts Upbeat FQ1 Profit
Dolby Laboratories (NYSE: DLB ) reported around 30% drop in its fiscal first-quarter net income. Dolby's quarterly profit declined to $51.3 million, or $0.50 per share, from $73.2 million, or $0.67 per share, in the year-ago quarter. On an adjusted basis, it earned $0.64 per share. Its revenue climbed 1%
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