TiVo (TIVO): Q1 EPS of -$0.17 misses by $0.01. Revenue of $54.5M (+16% Y/Y) misses by $0.4M.
Shares of TiVo (TIVO) are down 21 cents, or 2%, at $8.75 in late trading after the company this afternoon reported fiscal Q1 revenue below analysts’ expectations, and a deeper-than-expected net loss.Revenue in the three months ended in April rose 40%, year over year, to $54.5 million, yielding a net loss of 17 cents a share.Analysts had been modeling $55.3 million and a 15-cent net loss.The company saw total subscriber count rise by 27%, year over year, to end the quarter with 2.5 million.
For the current quarter, the company expects a net loss of $28 million to $30 million on revenue of $53 million to $55 million. Analysts have been modeling $56.2 million and a net loss of $27 million, on an adjusted basis.
For the current quarter, the company expects a net loss of $28 million to $30 million on revenue of $53 million to $55 million. Analysts have been modeling $56.2 million and a net loss of $27 million, on an adjusted basis.
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