TiVo Corp. shares added more than 12% in late trading Tuesday after the company said in its fourth-quarter earnings report that the board is considering “strategic alternatives” that include a potential sale, buying another company or going private. “TiVo’s stock price is at a level that the company and its board do not believe reflects the true value of the business given the company has a strong foundation, with leading technologies, and solid cash flow from its long-term IP license agreements and guide deployments,” TiVo said in its announcement, before listing off the possible results of the review. The company reported net income of $18.4 million, or 15 cents a share, on sales of $214.2 million for the fourth quarter. In the same quarter a year ago, TiVo reported earnings of 8 cents a share on sales of $252.3 million. Analysts on average expected a loss of 3 cents a share on sales of $209.5 million. TiVo stock has dropped 29.8% in the past year, as the S&P 500 index has gained 17.3%.
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