Seeking Alpha

Rovi (ROVI) -27.5% AH after warning it expects Q2 revenue of $158M and EPS of $0.35-$0.38, well...

Rovi (ROVI) -27.5% AH after warning it expects Q2 revenue of $158M and EPS of $0.35-$0.38, well below a consensus of $182.6M and $0.57. The company also now expects 2012 revenue and EPS guidance to $650M-$680M and $1.60-$1.90, below a consensus of $765.2M and $2.51. Rovi blames delays in securing patent licenses and launching new products, as well as weakness in electronics and ad spending. It thinks pending litigation will need to be settled before some companies agree to licenses.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector