TiVo Tops Guidance
TiVo (TIVO) this afternoon reported revenue for its fiscal fourth quarter ended January 31 of $45.3 million, ahead of guidance at $43 million to $45 million, although below the Street at $47.5 million. Adjusted EBITDA was a loss of $3.2 million, beating guidance of a loss of $5 million to $7 million. The company lost 9 cents a share; the Street had expected a loss of 12 cents.