TiVo Profit In Line With Estimates, Sales Beats; Q3 Guidance Strong

(RTTNews) - Set-top box maker TiVo Inc (TIVO) on Tuesday reported second-quarter net earnings of $8.3 million or $0.09 per share compared with $9.3 million or $0.08 per share last year.

Analysts polled by Thomson Reuters estimated earnings of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter were $119.5 million compared with $111.9 million in the prior year.

Service and technology revenues, which excludes hardware sales, rose to $99 million from $86.6 million last year. Analysts expected revenues of $96 million.

For the third quarter, TiVo anticipates service and technology revenues of $100 million to $103 million, while analysts expect $98.2 million.