The company missed its own top-line guidance, which had been for revenues in the range of $54 million to $56 million, although it did a better at the bottom line, where it had expected a net loss of $12 million to $17 million.
For the fiscal fourth quarter, TiVo expects revenue of $54 million to $55 million, and a net loss of $33 million to $38 million. The company said the largest loss reflects increased hardware rebates for its retail products.
In after hours trading, TiVo shares are down 19 cents, or 3%, at $6.10.
See: TiVo F3Q07 (Qtr End 10/31/06) Earnings Call Transcript