DTS (DTSI) Sees Q2 Sales Below Expectations; Cites SRS Labs (SRSL) Acquisition
Tweet
Share
E-mailGet Alerts DTSI Hot Sheet
Price: $42.52 --0%
Financial Fact:
Research and development: 13.49M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Research and development: 13.49M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
- Opera Limited (OPRA) Misses Q2 EPS by 1c ; Offers Guidance
- La-Z-Boy (LZB) Misses Q1 EPS by 6c, Misses on Revenue; Offers Weak Q2 Revenue Guidance
Create E-mail Alert Related Categories
Guidance, Hot GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
