Loud Quarter for Dolby

The company blasts second-quarter estimates.
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Dolby Laboratories

(DLB) - Get Report

boomed out a huge second quarter and boosted full-year guidance.

The San Francisco-based audio technology shop made $28 million, or 25 cents a share, for the quarter ended March 31, up from the year-ago $10.3 million, or 10 cents a share. Sales rose to $104.7 million from $85.1 million a year earlier. Analysts surveyed by Thomson Financial were looking for a 14-cents-a-share profit on sales of $88 million.

The company said it expects to make 58 cents to 64 cents a share for the year on sales of $350 million to $365 million. Analysts were looking for a 55-cent profit on sales of $351 million.