real-time news and commentary for investors
Friday, Nov 9
2012, 11:54 AM
Audio tech providers Dolby (DLB -6.1%) and (especially) DTS (DTSI -25.3%) are getting hammered...
Audio tech providers Dolby (DLB -6.1%) and (especially) DTS (DTSI -25.3%) are getting hammered after posting their calendar Q3 reports (I, II). Citing a "softening near-term business environment," DTS is guiding for 2012 revenue of $100M-$105M and 2013 revenue of $140M-$150M, below a consensus of $110.1M and $160.2M. Dolby beat estimates thanks to smartphone/tablet deals and provided in-line FQ1 and FY13 guidance. But it mentioned on its earnings call FQ4 PC sales fell 6% Y/Y, and consumer electronics sales 10%.