TiVo Stock – TIVO Stalls Despite Terrific Earnings

Shares of TiVo Inc. (NASDAQ:TIVO) are up 3% today and have traded to a high of $11.92 following a better-than-expected quarter.
TiVo reported a profit of 7 cents per share on revenue of $114 million. The suit-and-ties were looking for earnings of 4 cents per share on sales near $90 million.
In Monday’s Trade of the Day, I mentioned that TIVO stock had a great shot at clearing $12 if TiVo knocked the cover off the ball. Given these results, I would say TiVo smashed it out of the ballpark. The problem is that TIVO stock stalled at $12 on the open. (more)

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