After falling slightly in after-hours trading, shares of TiVo (Nasdaq: TIVO ) were up slightly this morning on stronger-than-expected third-quarter results. Revenue rose 26.6% to $82 million while earnings improved to $0.44 a share from last year's $0.21-per-share loss. Analysts were expecting a $0.05-per-share loss on $72.3 million in revenue, according to FactSet Research.
A $250 million legal settlement with Verizon (NYSE: VZ ) aided results. The company says it has now realized more than $1 billion in consideration for intellectual property violations, including a $500 million settlement with DISH Network (Nasdaq: DISH ) finalized last year.
TiVo isn't likely to enjoy the same tailwind in Q4. Management projects a $15 million to $17 million net loss in the fourth quarter, worse than the $14.4 million average Wall Street had been calling for.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.