UPDATE 1-TiVo swings to quarterly loss
* Q3 loss 6 cts/share vs Street view loss 6 cts/share
* Q3 revenue $56.86 mln vs Street view $49.7 mln
* Sees Q4 service, tech rev $43-$45 mln
SAN FRANCISCO, Nov 24 (Reuters) - Digital video recorder maker TiVo Inc (TIVO.O) posted a quarterly loss on Tuesday, but its revenue surpassed expectations benefiting from solid growth in its technology business.
The company reported a net loss of $6.67 million, or 6 cents a share in its third quarter, down from earnings of $100.63 million, or 98 cents a share, in the year-ago period. That period included several items amounting to $87.8 million related to its Echostar litigation
The latest quarter's results were in line with the average analyst estimate for a loss of 6 cents a share, according to Thomson Reuters I/B/E/S.
Revenue fell 11.7 percent to $56.86 million, while service and technology revenue came in at $37.7 million. Wall Street was expecting revenue of $49.7 million.
For the fourth quarter, TiVo forecast service and technology revenue of $43 million to $45 million, and a net loss in the range of $15 million to $13 million.
Shares of Alviso, California-based TiVo closed at $10.97 on the Nasdaq. (Reporting by Gabriel Madway and Paul Thomasch; Editing Bernard Orr) ((gabriel.madway@thomsonreuters.com; +1 415 677 2536))
