Dolby Laboratories reports Q1 FY2024 revenues of $315.6M, GAAP net income $66.9M, $0.30/share cash dividend announced for February.

Dolby Laboratories reported its Q1 fiscal 2024 financial results, showcasing total revenue of $315.6 million. GAAP net income reached $66.9 million, or $0.69 per diluted share. The firm also announced a cash dividend of $0.30 per share, payable on February 22, 2024. The balance sheet recorded cash and cash equivalents at $656.8 million. The company provided estimates for Q2 and the full fiscal year 2024, accounting for the impact of macroeconomic factors and supply chain constraints.

February 01, 2024
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