05:09 PM EST, 01/29/2025 (MT Newswires) -- Dolby Laboratories ( DLB ) reported fiscal Q1 non-GAAP earnings Wednesday of $1.14 per diluted share, up from $1.01 a year earlier.

Three analysts polled by FactSet expected $1.05.

Revenue for the quarter ended Dec. 27 was $357 million, up from $315.6 million a year earlier.

Three analysts surveyed by FactSet expected $346.1 million.

The company said it expects Q2 non-GAAP diluted EPS between $1.19 and $1.34 and revenue between $355 million and $385 million.

Three analysts polled by FactSet expect $1.35 and $387.2 million.

The company expects fiscal 2025 non-GAAP diluted EPS between $3.99 and $4.14 and revenue between $1.33 billion and $1.39 billion.

Three analysts surveyed by FactSet expect revenue of $1.36 billion.

The company's shares were falling 1.1% in recent after-hours trading.