TiVo loses subscribers but adds small profit
TiVo's midyear report card is in, and the numbers are better than most analysts expected.
The results aren't fabulous, but anything's better than the $17.7 million loss a year ago. In the second quarter of this year, the maker of digital video recorders earned revenues of $65.2 million, eking out a profit of $2.9 million, good for 3 cents per share for investors. Analysts had been anticipating revenues between $54 million and 59.3 million, a loss of 2 cents per share.
TiVo recorded lower services revenues this quarter than a year ago, but … Read more