Aug. 20, 2014, 6:25 PM
- Dolby (DLB -0.1%) plans to bring versions of its high-end Atmos cinema audio platform to to home theaters and mobile devices; products supporting the technology are due later this year.
- Atmos improves upon Dolby's older cinema audio offerings by providing "layers" of audio elements that (per the company) "can be positioned and moved precisely to correspond to the images onscreen." Atmos systems also rely on metadata to record how the elements behave during playback.
- FastCompany's Harry McCracken, after seeing a movie clip supporting Atmos: "The versions played over the theater-grade Atmos system in Dolby's screening room were by far the gold standard. But the in-home and mobile ones sounded impressive, given the constraints they were working with."
- Dolby mentioned on its FQ3 CC (transcript) Atmos commitments have been received for ~640 screens, and that the technology has been installed on over 540. ~110 of the installed screens are in China.
Jul. 25, 2014, 2:23 PM
- Dolby (DLB +3%) expects FQ4 revenue of $210M-$220M and GAAP EPS of $0.28-$0.33, below a consensus of $223.1M and $0.34. But with a strong FQ3 revenue beat in tow, the top-line outlook translates into revenue of $945M-$955M, above a $941.6M consensus.
- The FQ3 beat was fueled by a 25% Y/Y increase in broadcast licensing revenue (43% of total licensing), and a 20% increase in mobile licensing (13% of total). The broadcast growth is attributed to higher TV tax rates, higher set-top units, and back payments. The mobile growth stems from higher tablet units and smartphone design wins.
- PC licensing revenue (19% of total) fell 2% due to industry weakness, and consumer electronics rose slightly, with DVD/Blu-ray player declines offset by growth in other segments. Product/services revenue (8% of total revenue) fell 21%.
- On its FQ3 CC (transcript), Dolby attributes the light Q4 guidance to expectations of a 5%-6% drop in PC licensing revenue, and a 20%-25% drop in mobile licensing. The latter could be due to slumping revenue from Samsung. The company disclosed earlier this year Dolby Digital wasn't built into the Galaxy S5 (unlike the S4).
- $29M was spent on buybacks in FQ3. Opex rose 6% Y/Y to $153.9M.
- FQ3 results, PR
Jul. 24, 2014, 4:07 PM| Comment!
Jul. 23, 2014, 5:35 PM
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Apr. 29, 2014, 5:13 PM
- CRAY still expects 2014 revenue of $600M, of which only $75M will be in Q2 (below a $95.9M consensus). Full-year gross margin is still expected to be in the mid-30s. Shares -2.1% AH. (Q1 results, PR)
- Dolby (DLB) expects FQ3 revenue of $205M-$215M and EPS of $0.38-$0.43 vs. a consensus of $216.9M and $0.32. FY14 (ends in September) guidance is for revenue of $930M-$950M, above a $921.8M consensus. Shares +1.3% AH. (FQ2 results, PR)
- SolarWinds (SWI) expects Q2 revenue of $96.5M-$98.5M and EPS of $0.35-$0.37, below a consensus of $98.8M and $0.38. Full-year guidance is better: revenue of $409M-$421M and EPS of $1.60-$1.70 vs. a consensus of $415.6M and $1.61. Shares roughly unchanged for now. (Q1 results, PR)
Apr. 29, 2014, 4:22 PM| Comment!
Apr. 28, 2014, 5:35 PM
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Feb. 24, 2014, 5:35 PM
- Dolby (DLB -0.9%) is acquiring Doremi Labs, a maker of video playback servers for digital cinemas, for $92.5M in cash + $20M in performance pay-outs.
- Doremi's hardware, which include 4K playback servers, complements Dolby's Atmos audio playback systems for theaters. The company also offers theater management software and post-production/mastering systems.
- Dolby's product sales fell 29% Y/Y in the December quarter to $18.1M (8% of total revenue).
Jan. 23, 2014, 4:49 PM
- Juniper (JNPR) expects Q1 revenue of $1.12B-$1.16B and EPS of $0.27-$0.30, in-line with a consensus of $1.14B and $0.29. Shares +0.3% AH. (Q4 results, PR)
- Synaptics (SYNA) expects FQ3 revenue of $180M-$200M vs. a $184M consensus. The guidance factors in revenue from the recent Validity Sensors acquisition. Shares -1.4% AH. (FQ2 results, PR)
- Altera (ALTR) expects Q1 revenue to be down 2%-6% Q/Q. That implies a range of $427M-$445M, below a $447.7M consensus. Shares +0.2% AH. (Q4 results, PR)
- Dolby (DLB) expects FQ2 revenue of $240M-$250M and EPS of $0.59-$0.66 vs. a consensus of $251M and $0.57. The company forecasts FY14 (ends Sep. '14) revenue of $910M-$940M, above a $909.5M consensus. Shares -0.2% AH. (FQ1 results, PR)
Jan. 23, 2014, 4:14 PM| Comment!
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Dec. 14, 2013, 10:23 AM
- The Hobbit: The Desolation of Smaug is on a pace to earn $68M-$72M this weekend in the U.S. to fall short of the haul the first Hobbit movie delivered last year. A tough weather mix may have been a small factor.
- The film has done very well in global markets, earning the top spot in box office rankings in several markets and staying well-ahead of the international pace of its predecessor. The film's strong tally in Mexico and Germany shocked analysts.
- Warner Bros. (TWX) is rolling the film out in international markets at a slower pace for strategic reasons. At the end of its protracted opening, media watchers expect Smaug to top the $1B global box office mark due to the strong global appeal it's displaying so far.
- Hobbit spillover: Companies which might see a boost from the film's performance include IMAX (IMAX), Dolby (DLB), and RealD (RLD) as moviegoers indicate a willingness to pay up for premium viewing. News Corp (NWS), which owns the Tolkien rights through HarperCollins Publishers, doesn't mind a little Hobbit fever as well.
Dec. 11, 2013, 2:18 PM
- 20th Century Fox and Anchor Bay Entertainment plan to have digital content made available via the UltraViolet DRM platform support Dolby Digital Plus (DLB +3.8%) audio. (PR)
- UltraViolet, which allows purchased movies/TV shows ti be downloaded and streamed onto multiple devices, has seen a mixed reception: Disney, Apple, and certain other firms have withheld their support, and users have complained about DRM restrictions and confusing download procedures.
- But with most major studios supporting UltraViolet and offering digital copies with Blu-ray/DVD purchases, the platform could still generate healthy licensing sales for Dolby. Shares are making new 52-week highs, and are up 29% YTD.
Oct. 29, 2013, 4:26 PM
Oct. 29, 2013, 12:10 AM
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