TiVo (TIVO) Posts Q3 Loss of $0.14/Share

TiVo (NASDAQ: TIVO) reported Q3 EPS of ($0.14), which may note compare to the analyst estimate of $0.00. Revenue for the quarter came in at $197.9 million, versus $153.1 million reported last year.

2017 Business Outlook

For fiscal year 2017, the Company maintains its expected revenue range of $810 million to $830 million, which includes approximately $35 million of hardware revenues at the mid-point of expectations. Additionally, the Company expects the full year GAAP Operating loss to be $8 million to $2 million, which is an improvement from the prior range due to lower equity-based compensation costs and transaction, transition & integration costs. Adjusted EBITDA expectations continue to be $276 million to $290 million. The Company now expects a GAAP loss before taxes of $70 million to $60 million and for Non-GAAP Pre-tax Income to be $218 million to $232 million. Costs include Non-GAAP Cost of hardware revenue of approximately $45 million at the mid-point of expectations. TiVo anticipates it will incur $20 million to $22 million in Cash Taxes. Additionally, TiVo expects its GAAP diluted weighted average shares outstanding to be approximately 121 million and Non-GAAP Diluted Weighted Average Shares Outstanding to be approximately 122 million.

For earnings history and earnings-related data on TiVo (TIVO) click here.

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