TiVo loses $4 million
This post was updated at 3:45 p.m PT with information from the earnings call.
TiVo on Wednesday reported a loss of $4.1 million, or 4 cents per share, for the first quarter of fiscal year 2010.
It's a letdown for TiVo, which a year ago recorded a $3.6 million profit. The Alviso, Calif.-based maker of digital video recorders had been anticipating a $6 million to $8 million loss for the quarter ended April 30.
The company's technology and service revenue was $48.5 million, down just more than 12 percent from last year'… Read more