TiVo (NASDAQ:TIVO) reported third quarter results after the close of trading yesterday that were better than analysts expected.
The set-top digital video recorder company said its loss widened to $24.5 million, or $0.21 per share, from $20.6 million, or $0.18 per share, in last year's third quarter.
The loss was narrower than analysts expected.
Net revenue rose to $64.8 million from $50.9 million last year, also better than analysts expected.
Among other highlights, TiVo said DirecTV (DTV) will launch its TiVo offering in select markets in December, and that Comcast (NASDAQ:CMCSA) TiVo is now in a field trial.
The company expects a net loss of $31 million to $33 million in the fourth quarter, which includes higher expected litigation expenses relating to ongoing cases with AT&T (NYSE:T) and Microsoft (NASDAQ:MSFT).
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