UPDATE 1-DTS posts Q4 profit, sets 2009 outlook
* Q4 EPS $0.17 vs yr-ago loss $0.99/shr
* Q4 revenue $18.3 mln
* Sees 2009 EPS cont ops $0.45-$0.50, including items
* Sees 2009 rev $65-$69 mln, including items
* Shares up 5 pct
Feb 26 (Reuters) - Entertainment technology company DTS Inc (DTSI.O) swung to a fourth-quarter profit, helped in part by higher demand for Blu-Ray, sending its shares up more than 5 percent after the bell.
The company, whose technology is used in DVD players, Blu-ray devices and PCs, posted a fourth-quarter net income of $3 million, or 17 cents per share, compared with a loss of $17.9 million, or 99 cents per share, a year ago.
Results for the latest fourth quarter included a charge of 4 cents a share net of tax for in-process R&D arising out of the acquisition of Neural Audio.
The results also included 4 cents a share net of tax in stock-based compensation expense.
The company said it earned 16 cents a share from continuing operations.
Revenue for the quarter rose 8 percent from a year ago.
Shares of the Agoura Hills, California-based company, whose rivals include Dolby Laboratories Inc (DLB.N) and Sony Corp (6758.T), were up 5 percent in trading after the bell at $15.40. They closed at $14.61 Thursday on Nasdaq.
For alerts, please double click [ID:nWNAB7848] (Reporting by Mansi Dutta in Bangalore; Editing by Himani Sarkar)
