DLB FISCAL Q3 REVENUE MISSES, BOARD ADDS $350M TO BUYBACK • Revenue: $305M vs $312M est, miss • Net income: $29M, adjusted net inc
DLB FISCAL Q3 REVENUE MISSES, BOARD ADDS $350M TO BUYBACK • Revenue: $305M vs $312M est, miss • Net income: $29M, adjusted net income $65M • Dividend: $0.36 The board increased the stock repurchase program by $350M to $427M. Q4 guidance: revenue $362M-$392M vs $351.9M est, EPS $0.78-$0.93. FY guidance: revenue $1.410B-$1.440B vs $1.407B est.
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