TiVo (NASDAQ:TIVO) reported late yesterday its fourth quarter loss more than tripled compared to last year.
The digital video recorder company lost $34.4 million, or $0.30 per share in the fourth quarter, compared to a loss of $9.9 million, or $0.09 per share, in the same quarter last year. Analysts had anticipated a narrower loss.
Net revenue fell to $55.8 million, from $68.7 million in last year’s fourth quarter.
TiVo said it is looking for a loss of $35 million to $37 million in the first quarter, also wider than analysts have forecast.
Also late yesterday, VeriFone (NYSE:PAY) posted tripled earnings for its fiscal first quarter.
Net income totaled $32 million, or $0.35 per share, compared to $10.6 million, or $0.12 per share, in the same quarter last year.
Revenue grew 27%, to $383.8 million.
Adjusted earnings of $0.43 per share as well as revenue beat analyst expectations.
The electronic payment processor hiked its full-year forecast as well, to adjusted earnings of $1.75 to $1.80 per share, ahead of analyst expectations.
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