DTS (DTSI) Sees Q2 Sales Below Expectations; Cites SRS Labs (SRSL) Acquisition
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DTS, Inc. (Nasdaq: DTSI) announced certain preliminary results for the second quarter ended June 30, 2012. Revenue is expected to be in the range of $21 to $22 million. The Company additionally expects net income to be significantly impacted by costs associated with its pending acquisition of SRS Labs, Inc. (Nasdaq: SRSL), and by the tax consequences of both the lower revenue and the non-deductibility of certain material acquisition-related expenses.
The Street sees revs of $24.30 million and EPS of 30 cents.
Second quarter revenue is expected to be below expectations largely as a result of macroeconomic factors that have impacted certain segments of the consumer electronics industry, particularly across DTS' Blu-ray markets.
The Street sees revs of $24.30 million and EPS of 30 cents.
Second quarter revenue is expected to be below expectations largely as a result of macroeconomic factors that have impacted certain segments of the consumer electronics industry, particularly across DTS' Blu-ray markets.
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