Saturday, March 2, 2013

TiVo Revenue Rises 33 Percent

TiVo swung to a $16 million loss in the fourth quarter, but revenue rose 33 percent and exceeded management’s guidance, sending shares slightly higher in after-hours trading.

TiVo reported revenue of $88.9 million, up from $66.5 million. The company’s per-share loss was 13 cents, while analysts expected a loss of 16 cents.

In the same quarter a year ago, TiVo earned $7 million, or 6 cents per share.

Shares of TiVo advanced 1 percent during the regular session Tuesday to $12.42 and were up another 1 percent after the closing bell.

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