TiVo Posts Smaller-Than-Estimated Loss on Pay-TV Client Gain
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TiVo Inc., the digital-video recording pioneer, reported a smaller second-quarter loss than analysts anticipated, helped by a net increase in cable and satellite subscribers.
The net loss widened to $19.6 million, or 17 cents a share, from a loss of $15.3 million, or 13 cents, a year earlier, Alviso, California-based TiVo said today in a statement. Analysts had projected a 20-cent loss, the average of eight estimates compiled by Bloomberg.