twice connect
careers

Dolby Revenue, Net Up In Q2

4/30/2014 04:59:00 AM Eastern

San Francisco — Dolby Laboratories revenues grew more than the company expected in the second quarter, rising 11.7 percent to $278.6 million.

The gain offset a first-quarter revenue decline to push up first-half sales up by 4.9 percent to $509.9 million.

Net income rose 22.5 percent to $75.9 million in the second quarter, ended March 28, and first-half net income rose 6.3 percent to $120.4 million.

Operating income rose in the quarter by 24.6 percent to $104.9 million, and first-half operating income was up 9 percent to $164.9 million.

President/CEO Kevin Yeaman said the company’s broadcast business “continues to outperform,” and the company is befitting from the use of its technologies in PlayStation 4, Xbox One and Amazon’s Fire TV.

In the first quarter, revenues fell 2.3 percent to $231.1 million, and net income was down 13.3 percent to $44.5 million.

PHOTOS
ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National