BUZZ-Dolby Laboratories up after Q1 revenue, profit beat

Shares of audio and imaging products maker Dolby Laboratories DLB.N up as much as 11.2% to more than a year's high of $89.66

Co beat Q1 revenue and profit estimates after market close on Wednesday, helped by strong demand for licensing of its Dolby Atmos and Dolby Vision products

DLB reports Q1 revenue of $357 million, above estimates of $346.15, and adjusted EPS of $1.14 vs estimates of $1.05 — data compiled by LSEG

Co also reiterates fiscal 2025 forecasts of revenue between $1.33 billion and $1.39 billion, adj EPS between $3.99 and $4.14

DLB fell ~9% in 2024