TiVo Boosts Revenue, Narrows Loss in Q1
TiVo results for the company's Q1 2014 have been released. For the quarter, revenue was $82.6 million, up from the $67.8 million in the same period the previous year. Of that most recent top-line number, service and technology revenues came in at $61.8 million. Meanwhile, the firm managed to halve its net loss over that time frame, posting a shortfall of $10.3 million ($0.09 per diluted share) compared to Q1 2013's red figure of $20.8 million ($0.17).
On average, analysts had expected revenue of just under $62 million and a per-share loss of $0.15.
TiVo also proffered guidance. For its current Q2, service and technology revenues are expected to total $68 million-$70 million, with net loss coming in at $13 million-$16 million.
The article TiVo Boosts Revenue, Narrows Loss in Q1 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in TiVo, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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