TiVo Shares Sink as It Dials Back Expectations
Shares in DVR pioneer TiVo moved lower in after-hours trading today after the company posted a loss of $0.30 cents per share–two cents worse than analysts were expecting–and offered a disappointing picture of the current quarter. The fast-forward version: Service and technology revenue, down; subscription rate, down; churn, up; expenses, up; legal fees, substantial.