TiVo Squeezed; Losses Balloon (TIVO)

Shares of TiVo Inc.

are lower in the after-hours by 2.50%, trading at $8.59, after the company reported a greater than expected loss on earnings, as well as lower than expected technology revenues. The company said that its Q3 loss was $20.6 million (-$0.18 per share), up from $6.48 million last year, and revenues from services and technology was $41.3 million, down from $42.1 million last year. The Street was looking for a loss of $0.17 per share with service and technology revenues of $41.4 million. TiVo's margins were thus squeezed lower to 45.7%, from 46.8%. The 32% increase in operating expenses (mostly R&D related) didn't help matters. TiVo, which is currently in a suit with Dish Network

and EchoStar

said that it expects a decision from a court of appeals in the next several months and that it remains confident in the outcome. In March, a three-judge panel of the court sided with TiVo in a 2-1 ruling, but in May, the appeals court withdrew its ruling for TiVo. TiVo Inc. is a provider of advanced television technology and services that redefines home entertainment by providing consumers with an easy way to manage, control, watch, and record live television and receive thousands of movies and television shows from cable, broadcast, and broadband sources in intuitive user interface.