TiVo Shares Up About 4% In After-hours As Profit, Revenue Beat Estimates

TiVo Inc. shares rose 3.7% in after-hours trade Tuesday, after the TV service company reported better-than-expected first-quarter profit and sales. TiVo said it had net income of $7.88 million, or 8 cents a share, in the quarter to end April, down from $8.12 million, or 7 cents a share, in the year-earlier period. Revenue climbed to $114.7 million, from $107.1 million. The FactSet consensus was for EPS of 7 cents and revenue of $111.8 million. The company said it now expects second-quarter service and technology revenue to range from $94 million to $97 million. Adjusted earnings before interest, taxes, depreciation and amortization is expected to range from $29 million to $32 million, while net income is expected at $7 million to $10 million.