TiVo (TIVO) Misses Q1 EPS by 49c, Miss on Revenues

TiVo (NASDAQ: TIVO) reported Q1 EPS of ($0.15), $0.49 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $174.84 million versus the consensus estimate of $195.75 million.

“TiVo had a solid Q1 and made progress on the strategic objectives we laid out last quarter,” said Enrique Rodriguez, President and CEO of TiVo. “We improved on our execution and drove profitable growth in our core business. In the quarter, we grew our customer base in our key market segments and made our next gen TiVo Experience 4 solution available to our MSO customers. Internationally, we expanded our presence by adding new service provider licensees in Asia and Europe. The company made meaningful progress on our goal to deliver consistent long-term growth by capitalizing on the market opportunity in front of us. This quarter, we achieved the original target of realizing $100 million in integration synergies and we will complete our extended goal of $110 million of synergies by the end of Q2.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c