TiVo's stock rallies as reiterating search for alterntives offsets revenue miss [MarketWatch]
TIVO (TIVO)
Last tivo earnings: 2/18 04:10 pm
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Source: MarketWatch
TiVo's stock rallies as reiterating search for alterntives offsets revenue miss Shares of TiVo Corp. TIVO, +7.00% rallied 4.5% in premarket trade Thursday, after the entertainment technology company missed second-quarter revenue expectations, but reiterated that it was exploring strategic alternatives to boost shareholder value. The company said it has learned that "potential parties recognize the strategic value" of its product and intellectual property businesses individually. In its fourth-quarter 2017 earnings report, the company said it was considering alternatives that include a potential sale. Separately, TiVo reported a second-quarter net loss that widened to $20.6 million, or 17 cents a share, from $4.8 million, or 4 cents a share, in the same period a year ago, while the FactSet consensus was a loss of 13 cents a share. Total net revenue fell 8% to $160.2 million, below expectations of $178.5 million, according to FactSet. TiVo's stock had tumbled 33.6% over the past 12 m
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