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Thursday, Mar 28, 2024

Local Companies Report Earnings

Electronic Clearing House and DTS Inc. reported earnings for their first and fourth quarters, respectively. Camarillo-based Electronic Clearing House, Inc. reported earnings of $592,000, or $0.09 per share, on revenues of $16.9 million in the first quarter of fiscal 2006, a 104 percent increase in earnings compared to $52,000, or $0.01 per share on revenues of $12.8 million in the same period last year. The company provides electronic payment and transaction processing services. Audio system-maker DTS Inc. reported earnings of $1.3 million, or $0.07 per share in the fourth quarter of 2005 on revenues of $17.9 million compared with earnings of $192,000, or $0.01 per share on revenues of $16.6 million a year ago. Low earnings in fourth-quarter 2004 were a result of a charge of $2.5 million charge, or $0.14 per share, caused by a write down of inventory. For the full year, DTS reported earnings of $7.9 million, or $0.43 per share on revenues of $75.3 million down from 2004’s earnings of $10 million, or $0.55 per share on revenues of $61.4 million.

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