On Friday, Dolby Laboratories, Inc. (NYSE: DLB) oscillated between $64.24 and $65.11 before concluding trading period lower -0.23% at $65.03. The stock recorded total trading quantity of 235,135 shares as compared to its average volume of 388,595 shares. The share price fluctuated between $58.17 to $72.04 during the 52-week trading period. The firm has a total market worth of $6.61B and 102.12M shares remain outstanding. Dolby Laboratories, Inc. (NYSE: DLB) recently reported the Company’s financial results for the second quarter (Q2) of fiscal 2019. For the second quarter, Dolby stated total revenue of $338.3M, contrast to $299.7M for the second quarter of fiscal 2018. Second quarter GAAP net income was $73.4M, or $0.70 per diluted share, contrast to GAAP net income of $65.2M, or $0.61 per diluted share, for the second quarter of fiscal 2018. On a non-GAAP basis, second quarter net income was $109.0M, or $1.04 per diluted share, contrast to non-GAAP net income of $78.1M, or $0.73 per diluted share, for the second quarter of fiscal 2018.

Fiscal Year 2019 Dolby is providing the following estimates for its fiscal year 2019:

• Total revenue will range from $1.24B to $1.28B
• Gross margin percentages will be about 87 percent on a GAAP basis and about 88 percent on a non-GAAP basis
• Operating expenses will range from $786M to $796M on a GAAP basis and from $705M to $715M on a non-GAAP basis
• Effective tax rate for the year will be between 11 percent and 13 percent on a GAAP basis and between 19 and 20 percent on a non-GAAP basis