Dolby Q3 2020 Earnings Report
Key Takeaways
Dolby Laboratories reported total revenue of $246.9 million for the third quarter of fiscal 2020, compared to $302.2 million for the third quarter of fiscal 2019. GAAP net income was $67.3 million, or $0.66 per diluted share, compared to GAAP net income of $39.6 million, or $0.38 per diluted share for the third quarter of fiscal 2019.
Total revenue for the third quarter was $246.9 million, compared to $302.2 million for the third quarter of fiscal 2019.
GAAP net income for the third quarter was $67.3 million, or $0.66 per diluted share, compared to $39.6 million, or $0.38 per diluted share for the third quarter of fiscal 2019.
Non-GAAP net income for the third quarter was $87.5 million, or $0.86 per diluted share, compared to $79.3 million, or $0.76 per diluted share for the third quarter of fiscal 2019.
Cash flow from operations for the third quarter was $134.3 million, compared to $91.4 million for the third quarter of fiscal 2019.
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Forward Guidance
Dolby provided estimates for its fourth quarter of fiscal 2020 and fiscal year 2020, reflecting assumptions about the potential impact of COVID-19.