TiVo: 2Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ TiVo Inc. (TIVO) on Wednesday reported a loss of $9.5 million in its second quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 8 cents. Earnings, adjusted for amortization costs and stock option expense, were 25 cents per share.
The digital video recording company posted revenue of $176.2 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $161.5 million.
TiVo shares have declined 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.58, a drop of 38% in the last 12 months.