Corrects fourth para to show the loss per share guidance is for the second quarter and not full year:
TiVo Inc. (TIVO) Monday said first-quarter loss narrowed to $10.32 million or $0.09 per share from $20.77 million or $0.17 per share in the same period last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $82.57 million, up from $67.77 million last year. Analysts expected revenues of $61.88 million.
Looking ahead, TiVo expects to report a second quarter loss in a range of $13 million to $16 million. Analysts currently expect loss of $0.10 per share for the second quarter.
Service and technology revenues for the second quarter is projected in a range of $68 million to $70 million.
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