DTS says revenue in 2010 better than Street view, but earnings at best match estimates
By APMonday, February 22, 2010
DTS issues 2010 revenue, earnings guidance
CALABASAS, Calif. — DTS Inc., which licenses audio technology for consumer electronics, said Monday it expects 2010 revenue higher than Wall Street is currently expecting but earnings per share that will at best meet analysts’ forecast.
DTS said it expects net income in a range of 73 cents to 78 cents per share on $80 million to $83 million in revenue.
Analysts surveyed by Thomson Reuters are expecting earnings of 78 cents per share on $79.6 million in revenue for the year.
DTS also said Monday its fourth-quarter profit jumped 61 percent, helped by sales of Blu-ray disc players and video game consoles.
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