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TiVo Narrows Losses

Stock quotes in this article: TIVO , DTV  

SAN FRANCISCO -- Digital video recorder maker TiVo(TIVO Quote) cut its losses in the fourth quarter on robust sales of its digital video recorders. Revenues, though, fell short of Street estimates because of a change in accounting.

The company posted a net loss for the fourth quarter of $6.4 million, or 6 cents a share, compared with a loss of $19.5 million, or 20 cents a share, a year ago.

Service and technology revenue was $58.1 million vs. $57 million a year ago. Net revenue for the quarter fell to $74.1 million from $76.85 million the year before. ...

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