TiVo Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year 2017
For fiscal year 2017, the company expects revenue of $800 million to $835 million, including approximately $30 million of hardware revenues at the mid-point of expectations, with GAAP loss before taxes of $83 million to $68 million and non-GAAP pre-tax income of $200 million to $225 million. The company now anticipates 49% of its full year revenues in the first half of year and 51% in the second half of the year. The company expects amortization of intangible assets of $166 million.