TiVo swings to profit in Q2, but warns of net loss in Q3
Digital video recorder TiVo Inc. (Nasdaq:TIVO) said after Wednesday’s close that it swung to a profit in the second quarter, besting consensus estimates. However, the small cap forecasted that it would swing back to a loss in the third quarter, giving investors cause for pause and pressuring shares.
The second quarter marks the second consecutive profitable quarter, despite a decline in subscriptions and as marketing expenses were less than anticipated.
Shares slipped 6%, or $0.46, to $7.50 ahead of the opening. For detailed price information and news stories on TiVo, click TIVO.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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