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Friday, 4 May 2012 - Dolby signs pact with Microsoft; results beat Street |
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Plant study flags dangers of warming world Italy scientists find oldest human blood Counterparties: There is a tech bubble that will never go out Follow Reuters Facebook Twitter RSS YouTube Read One in seven thinks end of world is coming: poll 01 May 2012 Special Report: Documents allege HSBC money-laundering lapses 2:54pm EDT Yoga for jets: why planemakers prefer bent wingtips 12:15pm EDT Russia says it could pre-emptively strike missile shield 3:32pm EDT WRAPUP 10-Obama under pressure as China dissident appeals for help 5:04pm EDT Discussed 112 Suicides have Greeks on edge before election 90 One in seven thinks end of world is coming: poll 77 As America’s waistline expands, costs soar Watched Oldest traces of blood found in Italy's prehistoric iceman Wed, May 2 2012 Bronzed mother denies tanning five-year-old child 10:52am EDT Jeremy Lin back to practicing with the Knicks Wed, May 2 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Tallest skyscrapers The tallest buildings in the world right now.  Slideshow  Mexican Lolita The so-called "Lolita" style has found its way to Mexico.  Slideshow  Dolby signs pact with Microsoft; results beat Street Tweet Share this Email Print Related News LinkedIn revises upward outlook, beats on profit 4:50pm EDT Time Warner's revenue up, though "Luck" wasn't Wed, May 2 2012 Comcast profit beats on Internet adds, NBC rebound Wed, May 2 2012 UPDATE 4-Europe, China weigh on Emerson, shares fall Tue, May 1 2012 Tax & accounting sales drive Thomson Reuters profit Tue, May 1 2012 Analysis & Opinion Int’l Power does well to get better buyout from GDF ‘Astounding’ Seattle TRO ruling could remake smartphone wars Related Topics Tech » Hot Stocks » Asian Markets » Show-goers pass by the Dolby booth during the 2010 International Consumer Electronics Show (CES) in Las Vegas, Nevada January 7, 2010. Credit: Reuters/Steve Marcus Thu May 3, 2012 5:30pm EDT (Reuters) - Audio technology licensor Dolby Labs Inc signed an agreement with Microsoft for the use of its products in Windows 8 operating system, and posted a second-quarter profit above analysts' estimates. Dolby's shares jumped 19 percent to $44.60 in aftermarket trade. The stock closed at $37.63 on Thursday on the New York Stock Exchange. Microsoft will include Dolby Digital Plus 5.1-channel decoding and two-channel encoding in Windows 8 and original equipment manufacturers will pay a base royalty rate to Dolby for using its products, the company said in a statement. However, Dolby does not expect this agreement to affect its fiscal 2012 outlook as Windows 8 is not expected to ship until Dolby's fiscal 2013. Dolby raised its full-year earnings outlook to $2.38 to $2.62 per share from its earlier view of $2.31 to $2.61 per share. It, however, trimmed its full-year revenue expectations to between $910 million and $960 million from $910 million and $970 million. Analysts were expecting full-year earnings of $2.57 per share, on revenue of $942.4 million, according to Thomson Reuters I/B/E/S. Second-quarter net income attributable to the company rose to $88.1 million, or 81 cents per share, from $82.1 million, or 72 cents per share, a year ago. Licensing revenue grew 5 percent in the quarter. Excluding items, the company earned 91 cents per share. Revenue for the quarter rose 4 percent to $260.3 million. Analysts expected second-quarter adjusted earnings of 75 cents per share on revenue of $253.5 million. (Reporting by Supantha Mukherjee in Bangalore; Editing by Maju Samuel) Tech Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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