TiVo Swings To Profit In Q2 - Quick Facts

(RTTNews) - TiVo Inc. (TIVO) Tuesday said second-quarter net income was $268.9 million or $1.96 per share, compared to a net loss of $27.7 million or $0.23 per share in the same period last year.

On average, 11 analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues were $100.09 million, up from $65.26 million last year, while ten analysts expected revenues of $71.48 million.

Looking ahead, TiVo expects to report a third quarter net income in the range of $6 million to $8 million and service and technology revenues in a range of $80 million to $82 million.