UPDATE 1-Zoran sees weak third-qtr results, shares fall

* Q2 loss $0.08/share vs est loss $0.07/share

* Sees Q3 rev $98 mln-$103 mln vs est $110.7 mln

* Shares down 9 pct

July 26 (Reuters) - Chipmaker Zoran Corp ZRAN.O reported a wider-than-expected quarterly loss and forecast a weak third quarter as market share losses in its digital television and set-top box business continued to hurt, sending its shares down 9 percent.

"Our outlook for DTV for the remainder of the year has been substantially reduced, primarily due to customer program delays and customer share loss to tier-1 brands," said Chief Executive Levy Gerzberg in a statement.

Zoran, which competes with larger companies like Broadcom Corp (BRCM.O), Nvidia Corp (NVDA.O) and Texas Instruments TXN.N, makes chips that are used in set-top boxes, digital televisions, cameras, mobile phones and printers.

About 28 percent of the company's overall revenue for the second quarter came from the DTV segment, which includes chips used in set-top boxes.

The company posted a second-quarter loss of $6.7 million, or 13 cents a share. Excluding items, the loss was 8 cents a share.

Revenue fell 9 percent to $93.4 million.

Analysts were expecting a loss of 7 cents a share on revenue of $92.2 million.

For the third quarter, the company expects a loss of 3 cents to 6 cents a share on sales of $98 million to $103 million.

Analysts had projected a profit of 9 cents a share on revenue of $110.7 million.

Shares of the company fell 87 cents to $8.90 in trading after the bell. They had closed at $9.77 Monday on Nasdaq. (Reporting by Saumyadeb Chakrabarty in Bangalore; Editing by Maju Samuel)