DTS (DTSI) Releases Earnings Results, Beats Expectations By $0.18 EPS

DTS (DTSI) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $0.49. The company posted revenue of $48.70 million in the period, compared to analysts expectations of $44.55 million. The company’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

DTS opened for trading at $28.07 and hit $28.94 on the upside on Friday, eventually ending the session at $28.77, with a gain of 2.71% or 0.76 points. The heightened volatility saw the trading volume jump to 47,369 shares. Company has a market cap of $503 M.

In a different news, on Mar 16, 2016, Frederick Lee Kitson (EVP & Chief Technology Officer) sold 4,583 shares at $21.93 per share price. According to the SEC, on Jun 22, 2015, Patrick Watson (EVP, Corp Strategy & Dev) sold 9,375 shares at $31.81 per share price. On May 27, 2015, Blake Welcher (EVP Legal, GC & Sec) sold 12,903 shares at $32.42 per share price, according to the Form-4 filing with the securities and exchange commission.

DTS Inc. is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording delivery and playback of high-definition audio and are included by licensee customers around the world into a range of consumer electronics devices including televisions (TVs) personal computers (PCs) smartphones tablets digital media players (DMPs) set-top-boxes soundbars wireless speakers video game consoles Blu-ray Disc players automotive audio systems audio video receivers (AVRs) digital versatile disc (DVD)-based products and home theater systems. The Company’s end-to-end audio solutions include DTS-HD DTS-HD Master Audio DTS Sound DTS Studio Sound DTS-HD Premium Sound DTS TruSurround DTS Neural Surround DTS Headphone:X DTS Play-Fi and DTS:X.


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