TiVo Adds 3% - Posts Profit, Sales to Beat StreetStephanie Stanton (Author) Published Date : May 30, 2014 01:21 ET
TiVo (TIVO) is higher after the company reported better-than-expected financial results for Q1 and provided guidance for Q2. Shares are up 3% at $12.29 with a 52-week range of $10.47 - $14.25. The developer and provider of software and technology that enables the search, navigation, and access of content reported Q1 earnings of $0.07 per share, one penny ahead of the consensus of analysts polled by Capital IQ, and higher than a loss of $0.09 per share a year ago. Revenues increased to $107.0 million, easily topping consensus for $85.3 million, and higher than prior-year revenues of $82.5 million.For Q2 fiscal 2015 TIVO expects service and technology revenues in the range of $86 million to $88 million; Adjusted EBITDA to be in the range of $27 million to $30 million; and net income to be in the range of $6 million to $9 million.
TiVo Adds 3% - Posts Profit, Sales to Beat Street