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.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 35084639 - kktv.com/a?a=35084639
Gray Television, Inc.