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TiVo Widens Loss, Misses Street

  • Reuters, Thursday, November 25, 2010 10:51 PM
Digital video recorder maker TiVo reported a wider quarterly loss as sales fell and it spent more on legal fees and research and development. TiVo shares were down 3.3% Wednesday in after-hours trading. The company posted a third-quarter net loss of $20.6 million, or 18 cents a share, compared with a loss of $6.4 million, or 6 cents a share, a year earlier.

In its legal battle with EchoStar and DISH Network, the company said it expects a decision from the appeals court in the next few months, according to a statement. "This stock is on hold until the litigation is done," said Kaufman Bros analyst Todd Mitchell.

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