News / Business
Best Stocks Alert - (NASDAQ:TIVO) Reports In-Line Net Loss, Shares fall
Stocks Alert
To Subscribe to our free online Stock market updates ,you can visit our website : http://www.pennystockpickreport.com/
Shares of TiVo Inc. (NASDAQ:TIVO) opened 3% down at $10.64 after for the quarter ended Oct. 31, the digital-video recording firm reported a net loss of $6.7 million, or 6 cents a share, compared with earnings of $100.6 million or 98 cents a share for the same period the previous year.
Results from last year's third quarter were skewed by nearly $88 million in litigation proceeds stemming from the company's dispute with satellite-TV provider EchoStar. Excluding these items, the company said it would have lost $900,000 during last year's third quarter.
Revenue from services and technology fell 9% to $47.1 million during the quarter.
Analysts were expecting a loss of 6 cents a share on revenue of $49.7 million, according to consensus estimates from Thomson Reuters.
Penny Stock Pick Report is one of the leading stock web site which provides free stock news alerts and newsletter. We also track small cap penny stocks, daily penny stocks to watch that could be on the brink of a massive breakout. You can contact us if you wish to get your company featured on our website .
<!--[if !supportLineBreakNewLine]-->
<!--[endif]-->
