DTS Inc. (NASDAQ:DTSI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
DTS Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 40.54% to $0.22 in the quarter versus EPS of $0.37 in the year-earlier quarter.
Revenue: Rose 21.61% to $32.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DTS Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $29.86 million.
Quoting Management: “DTS delivered strong revenue growth in the first quarter, consistent with our expectations, driven again by accelerating momentum in the network-connected markets,” said Jon Kirchner, chairman and CEO of DTS, Inc. “The strategic investments we have made in technology, products and content partnerships to expand our network-connected footprint are continuing to translate into meaningful design wins and customer momentum, particularly in mobile. The recent launches of our Headphone:X and DTS Layered Audio technologies continue to generate significant industry excitement. These launches, combined with new product and customer announcements during the quarter from a number of manufacturers, including Toshiba, Asustek, Samsung and Yulong, position us well to continue to drive our network-connected business in 2013 and beyond.”
Key Stats (on next page)…