Tivo Inc. Reports First Quarterly Profit

Summary


TiVo Inc., a maker of digital video recorders, on Wednesday posted its first quarterly profit after costs fell.

But the company said it will have a wider loss this quarter than analysts estimated as it spends more to attract customers.

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Tivo Inc. Reports First Quarterly Profit

Net income was $240,000, or break even on a per-share basis, compared with a loss of $10.8 million, or 13 cents, a year ago, the company, ba...

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