San Francisco-based film and TV noise-reduction specialists Dolby Labs has reported a decline in profit for Q1, as revenues decreased and operating expenses rose. Nevertheless, earnings for the quarter came in ahead of analysts’ expectations. First-quarter net income was $73.16 million (compared to $86.4 million for the same period last year).

For Q1 Dolby generated total revenues of $233.4 million ($242.7m). CEO Kevin Yeaman said, “In the first quarter, we grew licensing revenue year over year on the strength of our broadcast and mobile markets.”

For fiscal 2012, Dolby continues to target revenue of $910 million to $970 million.

Other posts by :

1. IRIS2 free for government usage?
2. Bank: AST SpaceMobile will orbit 356 satellites by 2030
3. SpaceX launches 600th rocket
4. Starlink: 10m customers and counting
5. SES predicts end of ‘big’ Geo satellites
6. Amazon Leo gets approval for 4,504 extra satellites
7. SpaceX gets a portion of India
8. TerreStar wants to build LEO network
9. Musk: “No Starlink phone”

Categories: Articles, Business, Results