TiVo Reports Profit In Fiscal 3Q

By: Associated Press
By: Associated Press
TiVo Inc. recorded a profit in its fiscal third quarter due to the $105 million it received from Englewood, Colo.-based Dish Network Corp. for violating a patent.

TiVo provided this photo of a TiVo HD DVR system. (AP Photo/TiVo/Joern Blohm, ho)

ALVISO, Calif. (AP) -- TiVo Inc. recorded a profit in its fiscal third quarter due to the $105 million it received from Englewood, Colo.-based Dish Network Corp. for violating a patent.

Alviso, Calif.-based TiVo said today it earned $100.6 million, or 98 cents per share, in the quarter ending Oct. 31. That compares with a loss of $8.2 million, or 8 cents per share, in the year-ago quarter.

Revenue declined almost 15 percent to $64.5 million, due mostly to a drop in service revenues.

Analysts polled by Thomson Reuters expected a loss of 6 cents per share on $50.7 million in revenue.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 35084639 - kktv.com/a?a=35084639