TiVo beats by $0.04, misses on revs
- Reports Q1 (Mar) earnings of $0.38 per share, excluding non-recurring items, $0.04 better thanthe Capital IQ Consensus of $0.34; revenues fell 7.8% year/year to $189.8 mln vs the $195.72 mln Capital IQ Consensus.
- We are continuing to explore a broad range of strategic alternatives to maximize the value of the Company and best deliver value to our shareholders. Due to the broad range of potential outcomes, the Company is not providing financial estimates for fiscal 2018 at this time. We expect to provide an update on this exploration process no later than our Q2 2018 earnings call.
- On May 9, 2018, TiVo's Board of Directors declared a cash dividend of $0.18 per common share, to be paid on June 20, 2018 to all stockholders of record as of the close of business on June 6, 2018.