SAN JOSE, Calif. (AP) _ TiVo Inc. (TIVO) on Wednesday reported a loss of $179.2 million in its first quarter.
The San Jose, California-based company said it had a loss of $1.41 per share. Earnings, adjusted for asset impairment costs and amortization costs, came to 30 cents per share.
The digital video recording company posted revenue of $159.9 million in the period.
TiVo expects full-year revenue in the range of $650 million to $690 million.
TiVo shares have decreased 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.86, a decline of 25% in the last 12 months.