TiVo Warns of Wider Anticipated Loss for Q2

May 31, 2012  •  Post A Comment

TiVo warned investors that legal expenses could lead to a wider loss than analysts have expected, reports Bloomberg.

The forecast came as digital video recorder pioneer TiVo reported a first-quarter loss of $20.8 million due to higher hardware costs, the story notes.

The company forecast a second-quarter net loss of $28 million to $30 million, compared with the $15.8 million loss expected by analysts, the piece adds.

One Comment

  1. any future income will come from them suing everybody. RIP TIVO!

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