TiVo (TIVO) Misses Q3 EPS by 44c

TiVo (NASDAQ: TIVO) reported Q3 EPS of ($0.19), $0.44 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $164.7 million versus the consensus estimate of $166.75 million.

BUSINESS OUTLOOK

TiVo’s management and board are still conducting an in-depth review of its businesses, cost structure and strategic options to maximize shareholder value. Due to the broad range of potential outcomes, the Company is not currently providing financial estimates.

That said, TiVo is focusing on driving sequential growth quarter-on-quarter. However, we also expect sequential quarter growth in IP litigation spend given the fourth quarter timing of the Comcast ITC trial.

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

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