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TiVo Reports Its First Profit

Discussion in '2005 Archive' started by bb_baptist, Aug 27, 2005.

  1. bb_baptist

    bb_baptist Administrator
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    SAN JOSE, Calif. (AP) -- TiVo Inc., the digital video recording pioneer, reported the first profit in the company's eight-year history as it outpaced Wall Street expectations.

    TiVo, the set-top box that built a name for itself by enabling users to skip past commercials, announced Wednesday that it saw a net income for the second quarter of $240,000, or break-even on an earnings-per-share basis.

    http://biz.yahoo.com/ap/050824/earns_tivo.html?.v=5&printer=1
     
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