DTS Inc. sold its digital cinema business in a deal worth $3.3 million, the company announced. That sale to Beaufort California, Inc., plus the sale in April of its digital images business, allows Agoura Hills-based DTS to focus on its consumer products business. DTS audio systems are used in home theatre, car audio, PC and game console products. The company’s first quarter revenues were helped by growth in the high definition optical media markets, primarily related to game consoles and stand-alone players. For the quarter ending March 31, DTS reported a net income of $1.3 million, or $0.07 per diluted share, on revenues of $15.2 million. For the same period in 2007, the company reported a net loss of $765,000, or $0.04 per diluted share, on revenues of $12.6 million. Shares in DTS closed down at $28.50.
