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dolby laboratories inc-cl a (DLB) Key Developments

Cinema 21 to Install 100 Dolby Atmos Screens

Cinema 21 and Dolby Laboratories, Inc. announced that Cinema 21 plans to install Dolby Atmos® in 100 cinema screens over the next 18 months. Dolby Atmos unleashes the potential of sound in storytelling by giving filmmakers the creative freedom to easily place or move sounds anywhere in the movie theatre, including overhead, to create the most engaging cinema experience ever. Moviegoers can visit the Cinema 21 website and local listings for information on Dolby Atmos.

iQIYI and Dolby Extend Strategic Collaboration in Effort to Lead Online Video Experience Evolution in China

iQIYI and Dolby Laboratories, Inc. announced that they are extending their strategic collaboration to further enhance the sound quality of online video through technology innovation and deliver true high-definition entertainment experiences at home and on the go. As an important part of extending iQIYI's collaboration with Dolby, iQIYI has started to produce its in-house drama, From the Stars Heirs, in Dolby surround sound and will produce and deliver more of its premium in-house content in Dolby surround sound and 4K in the future. iQIYI and Dolby have been joining hands to enhance online entertainment experiences.

Dolby Laboratories, Inc. Approves Quarterly Dividend of Class A and Class B Common Stock, Payable on November 20, 2014; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 26, 2014; Provides Earnings Guidance for the First Quarter and Full Fiscal Year of 2015

Dolby Laboratories, Inc. announced that its Board of Directors has approved a quarterly dividend program for its stockholders. The first dividend payment of $0.10 per share of Class A and Class B Common Stock will be paid on November 20, 2014, to stockholders of record as of the close of business on November 3, 2014. The company also announced unaudited consolidated earnings results for the fourth quarter and full year ended September 26, 2014. For the fourth quarter, Dolby reported total revenue of $226,957,000 compared to $216,652,000 for the fourth quarter of fiscal 2012. Operating income was $58,294,000 against $57,100,000 a year ago. Income before income taxes was $60,662,000 against $58,868,000 a year ago. Net income attributable to Dolby Laboratories, Inc. was $45,941,000 or $0.44 per diluted share against $45,795,000 or $0.44 per diluted share a year ago. Net cash provided by operating activities was $99,169,000 against $67,056,000 a year ago. Purchase of property, plant and equipment was $51,186,000 against $8,910,000 million reported last year. On a non-GAAP basis, fourth quarter net income was $60.8 million, or $0.58 per diluted share, compared to $58.8 million, or $0.57 per diluted share, for the fourth quarter of fiscal 2013. For the fiscal year company reported total revenue of $960,176,000 compared to $909,674,000 a year ago. Operating income was $273,718,000 against $245,262,000 a year ago. Income before income taxes was $276,099,000 against $250,646,000 a year ago. Net income attributable to Dolby Laboratories, Inc. was $206,103,000 or $1.99 per diluted share against $189,271,000 or $1.84 per diluted share a year ago. Net cash provided by operating activities was $371,137,000 against $276,501,000 a year ago. Purchase of property, plant and equipment was $88,308,000 against $26,711,000 reported last year. On a non-GAAP basis, fiscal year net income was $267.4 million, or $2.58 per diluted share, compared to $250.1 million, or $2.43 per diluted share, for fiscal 2013. For the first quarter of fiscal year 2015, the company estimated total revenue will range from $235 million to $245 million. Diluted earnings per share expected to be in the range of $0.35 and $0.40 on GAAP basis and $0.51 and $0.55 on a non-GAAP basis. Gross margin expected to range between approximately 88% to 89% on a GAAP basis and 89% to 90% on a non-GAAP basis. The company estimates effective tax rate will be between approximately 24% and 26% on both a GAAP and non-GAAP basis. For the fiscal year 2015, the company anticipated total revenue will range from $970 million to $1 billion. The company estimated that full year gross margins on a GAAP basis will range from 88% to 89%, with non-GAAP gross margins about a point higher. And the margin trend year-over-year is driven by the higher mix of product revenue in fiscal year 2015 compared to fiscal year 2014. Other income is estimated to be around $4 million for the year and the effective tax rate for the year is estimated to range from 24% to 26%.

Amalgamated Holdings Limited to Roll Out 20 Dolby Atmos Screens in Australia

Amalgamated Holdings Limited and Dolby Laboratories, Inc. announced that AHL has committed to install Dolby Atmos ® into some 20 new premium cinema screens that form part of its future expansion plans. Dolby Atmos unleashes the potential of sound in storytelling by giving filmmakers the creative freedom to easily place or move sounds anywhere in the movie theatre, including overhead, with multidimensional sound to create the most engaging cinema experience ever. Dolby is excited that AHL has chosen Dolby Atmos to be deployed across 2o screens. This marks another significant milestone for Dolby, and look forward to working with AHL to bring the ultimate cinematic experience to moviegoers in Australia.

Dolby Laboratories, Inc., Q4 2014 Earnings Call, Oct 23, 2014

Dolby Laboratories, Inc., Q4 2014 Earnings Call, Oct 23, 2014

 

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