DTS, Inc. (DTSI) Monday reported fourth-quarter profit of $0.30 million or $0.02 per share, down from $7.08 million or $0.42 per share in the same period last year.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts estimates typically exclude special items.
Revenues improved slightly to $29.78 million from $29.01 million last year. Analysts expected revenues of $31.16 million.
Looking ahead to the fiscal year 2013, the company has forecast earnings in the range of $0.22 to $0.31 per share, with adjusted earnings ranging between $1.05 and $1.20 per share.
Revenues are expected to range between $140 million and $146 million. Analysts, based on consensus, currently expect the company to report full-year earnings of $1.12 per share on revenues of $142.50 million.
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