TiVo Fast-Forwards Breakeven Target

TiVo (TIVO Quote) posted fourth-quarter earnings Thursday that beat analysts' estimates. The company also predicted it would reach cash flow breakeven ahead of expectations.

The marketer of personal video recorders for time-shifting television programs reported revenue of $6.8 million for the fourth quarter ended Jan. 31, edging out the Thomson Financial/First Call consensus of $6.6 million. The net loss amounted to $38.5 million, or 85 cents per share, compared to the estimated 92-cent loss. The company reported a loss of $81.5 million, or $2 per share, in the corresponding quarter a year earlier.

TiVo's shares rose 76 cents to close at $6.76 Thursday before the company released its financials. In after-hours trading, the stock fell 9 cents from its closing price.

On a conference call discussing the quarterly results, company executives said they were focusing on cutting costs this year both in their subscriber acquisition efforts and in their provision of service. ...