SAN FRANCISCO (Thomson Financial) - Shares of OpenTV Corp. rose late Tuesday
after the company posted results that topped Wall Street's forecast.
The San Francisco-based provider of advanced digital television solutions
reported it swung to a first-quarter net profit of $6.32 million, or 4 cents a
share, from a net loss of $3.14 million, or 2 cents a share, during the same
quarter last year.
The mean estimate of analysts polled by Thomson Reuters was a per-share loss
of a penny.
Revenue for the three months ended March 31 rose to $33.8 million from $25.1
million last year.
OpenTV said its results were driven by strong revenue growth in its
middleware solutions segment.
The company's stock closed the regular session flat at $1.29. The shares
rose more than 11% in after-hours trading.
Katherine Hunt
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