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Earnings Analysis: 
TiVo's Losses Shrink Due to Subscribers Growth
Author: Albena Toncheva
123jump.com
Last Update: 7:59 AM ET May 27 2005



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TiVo Inc. beat analysts' expectations and saw quarterly losses narrow due to cost-reducing measures and subscribers growth.

 
TiVo, Inc. (TIVO: chart) reported Thursday a 1Q loss of $857,000, or 1 cent per share, versus a loss of $9.07 million, or 11 cents per share, in the same quarter last year. Revenue for the quarter was $46.9 million, up 36% vs. $34.5 million in the year-earlier period. Analysts expected a loss of 11 cents per share on revenue of $37 million.

Computer Associates International Inc. (CA: chart) posted net income for 4Q dropped 81%, and announced it found new accounting issues that might prompt restatements of earlier results.

The software maker said its earnings were in line with analysts' expectations after excluding discontinued operations and other items.

Net income in 4Q ended March 31 fell to $17 million, or three cents a share, vs. $89 million, or 15 cents a share. The year-ago quarter included income from discontinued operations of $60 million, or 10 cents a share. Revenue grew to $910 million versus $850 million.

Peerless Systems Corp. (PRLS: chart) swung to a profit of $414,000, or 2 cents a share vs. a loss of $4.1 million, or 26 cents a share a year earlier. Revenue jumped to $7.2 million versus $3.5 million a year ago. For the full FY, the company expects earnings of more than $2 million on revenue between $32 million and $36 million.

Restoration Hardware Inc. (RSTO: chart) narrowed its 1Q loss to $3.1 million, or 9 cents a share, versus $3.9 million, or 12 cents a share, a year earlier. Revenue advanced to $117.5 million versus $98.9 million a year ago. Same-store sales for the retailer grew 5% in 1Q. The company expects a 2Q loss of between 3 cents and 4 cents a share with same-store sales in the mid-to-high single digits.

Ditech Communications Corp. (DITC: chart) after the closing bell Thursday said its 4Q profit declined to $7.6 million, or 23 cents a share, versus $8.3 million, or 24 cents a share, a year earlier. Revenue was $23 million compared with $23.1 million a year ago. Analysts forecasted 1Q earnings of 22 cents a share on revenue of $23 million. The telecommunications equipment company sees 1Q revenue to be between $10 million and $11 million, while analysts expect 1Q revenue of $24 million.
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