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Stock Market & Financial Investment News

News Breaks
January 29, 2013
16:12 EDTDLBDolby sees FY13 revenue $910M-$950M, consensus $918.5M
News For DLB From The Last 14 Days
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October 27, 2014
11:57 EDTDLBEC approves acquisition Dolby, Doremi acquisition deal
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Doremi by Dolby, both of the U.S. The commission's investigation confirmed that, despite the overlap between the two companies' activities in the production of digital cinema servers worldwide and in the European Economic Area, the proposed transaction would not lead to any anticompetitive effects because of the presence of alternative suppliers, the fast-moving nature of the market and the ease of switching for customers. The commission's investigation also confirmed the absence of any anti-competitive conglomerate effects resulting from the combination of the parties' activities in the production of DCS and digital cinema audio processors. The commission therefore concluded that the transaction would not raise competition concerns. The transaction was notified to the commission on September 25 following a referral request by the Spanish competition authority, subsequently joined by the U.K. competition authority. The U.S. Department of Justice had granted early termination to the transaction in August. Reference Link
October 23, 2014
16:32 EDTDLBDolby expects FY15 revenue $970M-$1B, consensus $963.75M
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16:30 EDTDLBDolby expects Q1 EPS 51c-55c, consensus 44c
The company expects Q1 revenue $235M-$245M, consensus $235.51M. Guidance for Q1 includes the financial impact of Dolby’s proposed acquisition of Doremi Labs, which is expected to close by early November.
16:29 EDTDLBDolby increases stock buyback program by additional $200M
The company announced that its board has approved increasing the size of its stock repurchase program by an additional $200M, bringing the amount available for future repurchases of the company’s Class A Common Stock to $260M.
16:23 EDTDLBDolby reports Q4 EPS 58c, consensus 31c
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