TiVo posted a quarterly profit for only the third time in its 11-year history as the pioneer in digital video recorders continued to improve hardware margins and shift marketing costs to partners.

But TiVo shares fell in extended trading after the company said its revenue in the current quarter will fall short of analysts' expectations.

The company reported $2.9 million in net income in the fiscal second quarter ended July 31, giving it back-to-back quarters of profits for the first time ever.

TiVo had posted a loss of $17.7 million in the same period last year, and analysts surveyed by Thomson Reuters had expected a loss of 2 cents per share in the past quarter.

The company said its revenue for services and technology will be at $49 million to $51 million in the current quarter.

Analysts surveyed by Thomson Reuters had expected $57 million, close to the $58 million posted in the third quarter of 2007. TiVo also said it expected a net loss in the range of $7 million to $9 million in this quarter.

CFO Cal Hoagland said TiVo will face increased expenses in the current quarter, including holiday-related marketing and costs related to an ongoing patent battle with Dish Network.

A September 4 court date has been set as TiVo seeks to collect on the $94 million it has been awarded in damages.

Source:AP News