TiVo (NASDAQ:TIVO) Swings to Profit in Third Quarter; Helps by Verizon (VZ) Settlement – TIVO, DISH, CMCSA, CVC

TiVo Inc (NASDAQ:TIVO) reported on Wednesday that the company turned to profit in the fiscal Q3 as a litigation deal with Verizon Communications Inc (NYSE:VZ) assisted to lift the company’s results and as subscriber rolls continued to expand.

The digital-video-recorder company anticipated a net loss in the range of $15 million to $17 million and revenue of $63 million to $65 million from service-and-technology for the present three months period.

Thomson Reuters analysts survey recently anticipated a loss of around $15 million and revenue of $64 million.

TiVo announced a profit of $59 million or 44 cents per share for the three months period finished July 31, evaluated against a loss of $24.5 million or 21 cents per share in the previous year.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. DISH Network Corp. (NASDAQ:DISH) rose +0.70% to settle at $34.63, Comcast Corporation (NASDAQ:CMCSA) moved up +1.02% to end at $36.66 while Cablevision Systems Corporation (NYSE:CVC) jumped +1.09% to finish at $13.86 on Wednesday.

TiVo Inc. (NASDAQ:TIVO) last session’s volume of 6.81 million shares was higher than its average volume of 1.89 million shares. The stock after opening at $10.35 hit high price of $10.94 and then closed at $10.85 by scoring +6.27%.

TIVO generated revenue of $264.27 million in the previous twelve months and earned -$65.83 million. The Company showed a negative -24.91% in the net profit margin as well as in its operating margin which remained at -21.94%. Company’s annual sales growth for the past five years was -1.66%.

The TIVO’s past twelve months’ price to sales ratio was 5.11 and price to cash ratio remained 2.49. As far as the returns are concerned, TIVO’s return on equity was recorded as -22.53% and return on investment decreased -11.72% while its return on asset stayed at -9.49%.

The stock showed weekly upbeat performance of 6.90% which was maintained for the month at 8.61%. Likewise the positive performance for the quarter was recorded as 16.29% and for the year was 18.84% while the YTD performance remained at 20.96%.

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