UPDATE 1-TiVo reports wider loss, misses Street

* EPS loss $0.18 vs Street view loss $0.17

* Revenue falls 11 percent

* Holiday pricing to hit fourth quarter by up to $10 mln

* Shares down 2.4 percent in after hours

NEW YORK, Nov 23 (BestGrowthStock) – Digital video recorder maker
TiVo Inc (TIVO.O: ) reported a wider quarterly loss as its sales
fell and research and development costs rose.

TiVo shares were down 4 percent in after-hours trading.

The company posted a fourth-quarter net loss of $20.6
million, or 18 cents a share, compared with a loss of $6.4
million, or 6 cents a share, a year earlier.

Analysts on average were looking for a loss of 17 cents a
share, according to Thomson Reuters I/B/E/S.

For the third quarter ended Oct. 31, revenue fell 11
percent to $50.9 million from a year earlier. Analysts on
average were expecting revenue of $41 million.

The company expects a net loss of $32 million to $34
million for its fiscal fourth quarter. It said it could take a
hit of $10 million because of holiday pricing on hardware.

Shares closed at $8.81 on Nasdaq on Tuesday and were
trading at $8.60 after hours.
(Reporting by Liana B. Baker. Editing by Robert MacMillan)

UPDATE 1-TiVo reports wider loss, misses Street