TiVo narrows its losses

Reuters: “TiVo, which offers digital video recording service, reported on Thursday a
narrower-than-expected loss for its second quarter.

The company’s revenue also rose by 28 percent from the previous quarter, boosted by subscriber
growth.

San Jose, Calif.-based TiVo reported a loss of $34.5 million, or 82 cents a share, in the quarter,
compared with a loss of $38.9 million, or $1.09 a share, in the same period last year.

A consensus of analysts were expecting a loss of 94 cents per share, according to First Call.”