TiVo Drops On Revenue Miss

| About: TiVo Inc. (TIVO)
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TiVo (NASDAQ:TIVO) this afternoon reported revenue for the fiscal third quarter ended October 31 of $52.6 million, shy of the Street consensus of $55.6 million. The company’s loss for the quarter totaled $11.1 million, or 12 cents a share.

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