Dolby Blinds Wall Street With Science

Dolby Labs (DLB Quote) surged 19% late Thursday after the company flew by targets and raised sights for its fiscal 2007.

The San Francisco audio engineering shop posted pro forma profit of $25.2 million, or 22 cents a shares, for the fiscal fourth quarter ended Sept. 29. Those numbers compare with an adjusted profit of $26.8 million, or 15 cents a share, in the year-ago period.

Total sales for the quarter were $102.1 million, a 29% improvement from the $78.9 million revenue level a year ago.

Analysts were looking for an 11-cent-a-share adjusted profit on $83.8 million in sales, according to Reuters Research. ...