TiVo posts smaller-than-expected quarterly loss

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UPDATE 2-TiVo posts smaller-than-expected quarterly loss
Mon Mar 8, 2010 5:28pm EST
* Q4 loss 9 cts vs Street view loss 11 cts
* Q4 svc and tech rev $45.3 mln vs Street view $47.5 mln
* Sees Q1 svc/tech rev $41 mln-$43 mln vs view $47.6 mln
* Shares up less than 1 pct(Adds CEO comments, background, byline, fresh share price)
SAN FRANCISCO, March 8 (Reuters) – Digital video recordermaker TiVo Inc () reported a smaller-than-expected fiscalfourth-quarter loss because it cut sales and marketing costs,sending shares up less than 1 percent in after-hours trading.
The company posted a net loss of $10.2 million, or 9 centsa share, in the fiscal fourth quarter ended Jan. 31, versus ayear-ago loss of $3.6 million, or 4 cents a share.
The average analyst estimate was for a loss of 11 cents ashare, according to Thomson Reuters I/B/E/S.
TiVo’s shares barely reacted to the results despite beatingWall Street estimates. Last week, they spiked more than 50percent after a U.S. court decision that could open up newlicensing opportunities for TiVo.
A federal appeals court affirmed a contempt finding againstDish Network Corp () and EchoStar Corp (), thelatest twist in a years-long patent case against TiVo.[ID:nN04144899]
TiVo has said it could collect roughly $300 million indamages and contempt sanctions, bringing total awards in thecase to roughly $400 million.
TiVo sells its own set-top boxes and also licenses itstechnology to cable operators and satellite companies such asDirecTV (). It has sued companies that it says use itstechnology without permission, including ATT Inc () andVerizon Communications Inc (
In the fourth quarter, TiVo’s revenue rose 15.7 percent to$68.5 million. Service and technology revenue was $45.3million, below Wall Street’s expectation of service andtechnology revenue of $47.5 million.
TiVo forecast first-quarter service and technology revenueof $41 million to $43 million, and a net loss of $19 million to$21 million. Analysts expecting services and technology revenueof $47.6 million for the fiscal first quarter.
Shares of Alviso, California-based TiVo closed at $17.08 onthe Nasdaq and rose to $17.20 in extended trading after theearnings report.(Reporting by Gabriel Madway; Editing by Gary Hill and RobertMacMillan)
DETROIT (Reuters) – Toyota Motor Corp on Monday sought to discredit an outside study critical of its electronic safety systems and said it had found no flaw with its throttle controls.
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