TiVo's 4Q Losses Triple Over Last Year

TiVo Inc. said Tuesday that its fiscal fourth-quarter net loss more than tripled after the company sold steeply discounted digital video recorder set-top boxes during the holiday season and racked up legal fees in a series of patent disputes.

The Alviso, Calif., company also forecast a larger-than-expected loss for the current quarter.

TiVo lost $34.4 million, or 30 cents a share, in the period ended Jan. 31. That compares with a year-earlier loss of $10 million, or 9 cents a share.

Revenue fell 19 percent to $55.8 million from $68.7 million.

Analysts, on average, expected a loss of 28 cents per share on $51.1 million in revenue, according to FactSet.




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