On Air Now

Listen

Listen Live Now » 95.5 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
49° Feels Like: 49°
Wind: SW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 44°

Tomorrow

Mostly Sunny 72°

Wed Night

Partly Cloudy 47°

Alerts

TiVo posts profit after patent lawsuit settlement

(Reuters) - Video recorder pioneer TiVo Inc posted a quarterly profit as it gained $490 million from a patent litigation settlement with Google Inc's Motorola Mobility and Cisco Systems Inc.

Tivo reported a net profit of $268.9 million, or $1.96 per share, in the second quarter, compared with a net loss of $27.7 million, or 23 cents per share, a year earlier.

Revenue rose 53 percent to $100.1 million.

TiVo said in June it settled a patent lawsuit with Motorola Mobility, which had accused it of infringing patents for digital video recorders.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian)

Comments