Shares of TiVo (TIVO) are up 16 cents, or 1.3%, at $12.82, in late trading, after the company this afternoon reported fiscal Q1 revenue that slightly missed analysts’ expectations, but delivered a better-than-feared net loss.
Revenue in the three months ended in April rose to $61.8 million, yielding a net loss of 9 cents. The revenue figure is just the “technology” and “servicesB” segments of the company’s business, not counting hardware revenue of $34 million.
Analysts had been modeling $62 million and a 15-cent loss. Including Street estimates for services revenue, the total topline appears to be the consensus for $78 million. The revenue was at the mid-point of the company’s own forecast for $60 million to $62 million.
TiVo’s subscriptions through the cable operators MSOs increased by 277,000 in Q1, which the company said was its strongest quarterly addition in 7 years.
Read also:
Higher video recorder sales boost TiVo revenue (MSN Money)
Explore: 2 additional articles.
From Our Sponsor
