UPDATE: TiVo Posts Narrower-Than-Expected Q2 Loss
TiVo (NASDAQ: TIVO) reported a narrower-than-expected second-quarter loss.
TiVo posted a quarterly loss of $27.74 million, or $0.23 per share, versus a year-ago loss of $19.55 million, or $0.17 per share, in the year-ago period.
Its service and technology revenue climbed 10% to $54.1 million. However, analysts were projecting a loss of $0.24 per share on revenue of $54.5 million.
TiVo expects Q3 loss in the range of $27 million to $29 million on service and technology revenue of $57 million to $59 million. However, analysts were expecting revenue of $57 million.
TiVo shares surged 5.13% to $9.84 in the after-hours trading session.
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