TiVo: 3Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ TiVo Inc. (TIVO) on Thursday reported a loss of $151.4 million in its third quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of $1.20. Losses, adjusted for asset impairment costs and amortization costs, came to 4 cents per share.
The digital video recording company posted revenue of $158.5 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $149.7 million.
TiVo expects full-year revenue in the range of $655 million to $665 million.
TiVo shares have fallen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.27, a decrease of 32% in the last 12 months.