SAN JOSE, Calif. (AP) -- TiVo Inc. (TIVO) on Thursday reported a loss of $17.7 million in its first quarter.
The San Jose, California-based company said it had a loss of 15 cents per share. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The digital video recording company posted revenue of $189.8 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $192.6 million.
TiVo shares have fallen nearly 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.05, a drop of 20 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TIVO at https://www.zacks.com/ap/TIVO
This story has been updated to correct that the company is based in San Jose, California, not San Carlos.