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DTS Misses Estimates for Earnings, Revenue

Audio software developer DTS Inc. fell short of analyst forecasts for revenue and earnings per share in the fourth quarter. The Calabasas company reported net income of $302,000 (2 cents a share) for the quarter ending Dec. 31 compared with $7.1 million (42 cents) in the same period a year earlier. Revenue rose by less than 1percent to $29.8 million. Analyst forecasts put earnings at 15 cents a share and revenue at $31.2 million, according to Thomson Financial Network. Contributing to the fourth quarter results were acquisition and integration-related costs and stock-based compensation expenses. In July, DTS acquired SRS Labs, an audio processing and enhancement technologies company in Santa Ana in a deal valued at $148 million. For the full fiscal year, DTS reported a net loss of $15.5 million (89 cents a share) compared with net income of $18.3 million ($1.04) in the prior fiscal year. Revenue rose 4 percent to $101 million. Shares closed at $20.54, down 9 cents or less than 1 percent 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.
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