Dolby Laboratories

Dolby Laboratories’ (NYSE:DLB) Profits Up 25 Percent YOY

Dolby Laboratories (NYSE:DLB) reported profits in its first quarter rose by 25 percent, citing growth in service revenue and licensing fees. There was also a one-off tax event that helped them. The down side was for fiscal year 2011, Dolby cut their revenue guidance and non-GAAP earnings for the the year, saying the PC market will continue to struggle. GAAP net income for the first quarter

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