TiVo reports its first profit
An AP newswire article, via The Mercury News (obnoxious, but free, registration required, or use BugMeNot.com), reports that:
TiVo Inc., the digital video recording pioneer, reported the first profit in the company's eight-year history as it outpaced Wall Street expectations.
TiVo, the set-top box that built a name for itself by enabling users to skip past commercials, announced Wednesday that it saw a net income for the second quarter of $240,000, or break-even on an earnings-per-share basis. That compared with a net loss of $10.8 million or 13 cents per share deficit in the same period of 2004.
TiVo reported revenue for the quarter ended July 31, 2005 of $40.7 million, up 46 percent from $27.8 million in the year-ago period.
posted by Fergie @ 8/24/2005 03:43:00 PM
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