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TiVo Rocks Q2 and Jumps Ahead of the Curve
TiVo is a digital video recorder (DVR) developed and marketed by TiVo, Inc. Introduced in 1999, TiVo’s most favored feature is that it records your favorite series, so if you are working or happen to miss it, you will still be able to watch and keep up with your favorite serials. There are also new features that make it available to multiple platforms, connecting it to your home network, as well as being able to download music and search for media. TiVo is very popular, and not surprising at all, the company had a stellar quarter which outperformed the markets’ expectations.
According to Find Law, “TiVo climbed more than 3 percent before markets opened Wednesday after the pioneer in digital video recording technology reported better-than-expected revenue in its most recent quarter and issued an optimistic outlook.” That the look ahead was optimistic has a wonderful impact on investor confidence as the company is moving upwards from its positive revenue and growth fueled quarter.
Analysts who consider TiVo’s core strengths and business competencies note that there is significant growth potential in Europe, Latin America and other markets. TiVo’s performance this quarter has seen revenue growth at 53 percent up to $100.1 million, beating the Street’s expectations which were at $91.1 million. Resultingly, shares of the company climbed 3 percent up 37 cents to $11.34 in the pre-market hours.