82.1 F
San Fernando
Thursday, Aug 18, 2022
-Advertisement-
Array

DTS Beats Revenue Estimates

Home entertainment audio technology developer DTS Inc. beat analyst estimates on revenue for the first quarter but fell short on earnings per share. The Calabasas-based company reported a net loss of $1.5 million (8 cents a share) for the quarter ending March 31, compared with net income of $4 million (24 cents) in the same period a year earlier. Revenue rose 21.5 percent to $32.7 million. Analyst estimates put revenue at $29.86 million and earnings per share at 14 cents, according to Thomson Financial Network. The company said its revenue growth was due to demand for the company’s network-connected home systems. Shares closed down 25 cents, or 1.47 percent to $16.75 on the Nasdaq.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-