TiVo Beats on Higher Revenues

Zacks.com submits: TiVo Inc. (TIVO) reported a net loss of 9 cents per share for the fourth quarter of fiscal 2010, 3 cents above the Zacks Consensus Estimate of a loss of 12 cents per share but fell from the prior-year quarter. The company had reported a loss of 4 cents per share in the fourth quarter of 2009. Although revenue growth was encouraging in the quarter driven by higher hardware sales, growing costs and reduced subscriber additions led to lower profitability. TiVo is not immune to the current challenging economic environment and is facing erosion of its subscriber base. Complete Story �

Source: Media Sector and Stocks Analysis from Seeking Alpha