UPDATE: TiVo Posts Narrower-Than-Expected Q2 Loss

TiVo 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.