Rising consumer demand for Blu-ray discs contributed to DTS Inc. posting net income for the fourth quarter, the company announced. The Agoura Hills-based digital audio products company had fourth quarter net income of $3 million, or $0.17 per diluted share on revenues of $18.3 million. For the same period the previous year, the company had a net loss of $17.9 million, or $0.99 per diluted share, on revenues of $16.8 million. The quarter included a $1.1 million charge on research and development connected with the acquisition of Neural Audio. For the full year, DTS reported net income of $11.4 million, or $0.63 per diluted share, on revenues of $60.2 million. For the previous year, the company had a net loss of $20.4 million, or $1.11 per diluted share, on revenues of $53 million. Contributing to the company’s healthy finances are the rising consumer demand, declining price and accelerating sales of Blu-ray discs. “We expect that these trends will drive more Blu-ray revenue over time,” said company President and CEO Jon Kirchner. Guidance for 2009 puts revenue in the $65 million to $69 million range. Shares in DTS closed up at $14.61. Mark R. Madler
