Dolby Laboratories (NYSE:DLB) reported fiscal Q2 EPS of 60 cents, topping consensus estimates of 46 cents. Revenues rose 18% year-over-year to $204.1 million, topping consensus estimates of $181.2 million. Dolby sees fiscal 2009 sales of $650-$700 million, vs. consensus estimates of $668 million. Dolby sees fiscal 2009 EPS of $1.76-$1.91, vs. consensus estimates of $1.79. Reflected in the earnings guidance is an $0.11 per share gain and a $0.03 per share charge. "We are very pleased with our second quarter performance," said Kevin Yeaman, President and Chief Executive Officer, Dolby Laboratories. "We continue to diversify our revenue streams while increasing the adoption of our technologies in many of the world's most popular entertainment devices."

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