TiVo: 3Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ TiVo Inc. (TIVO) on Wednesday reported a loss of $22.8 million in its third quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 19 cents. Earnings, adjusted for one-time gains and costs, were 15 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The digital video recording company posted revenue of $164.7 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $167.3 million.
TiVo shares have dropped 22 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.24, a decline of 30 percent in the last 12 months.