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UPDATE 1-DTS Q3 tops view on Blu-ray, automotive markets
November 8, 2010 / 10:10 PM / 7 years ago

UPDATE 1-DTS Q3 tops view on Blu-ray, automotive markets

* Q3 EPS $0.19 vs est $0.16

* Q3 rev $21 mln vs est $19.6 mln

Nov 8 (Reuters) - Audio technology company DTS Inc DTSI.O posted third-quarter results above market estimates, helped by continued strength in the Blu-ray and automotive markets.

For the third quarter, income from continuing operations increased 74 percent to $3.4 million, or 19 cents a share, compared to $2 million, or 11 cents a share, in the year-ago period.

Revenue rose 40 percent to $21 million.

Analysts were expecting a profit of 16 cents a share, on revenue of $19.6 million, according to Thomson Reuters I/B/E/S.

The company’s primary competitor is Dolby Laboratories Inc (DLB.N).

Shares of DTS, which have risen 14 percent since its last quarterly report in August, closed at $42.30 Monday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Prem Udayabhanu)

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