Radar Movers: TiVo Jumps 1.2%, Apple Breaks Below $500

Shares of TiVo (NASDAQ:TIVO) increased 1.2 percent in late afternoon hours. The company reported better-than-expected quarterly earnings. Net income came in at $268.9 million, or $1.96 per share. Excluding items, TiVo lost 9 cents per share, topping estimates for a 10-cent loss. Tom Rogers, TiVo President and CEO, said, “TiVo has now reached a very important milestone. After making significant progress over the last several years, amid scrutiny for not being net income profitable, we believe TiVo has now achieved the milestone of sustained net income profitability.”