Rovi (ROVI) +5.2% AH after announcing it has hired an adviser to find a buyer for its struggling...


Rovi (ROVI) +5.2% AH after announcing it has hired an adviser to find a buyer for its struggling Entertainment Store business, which provides private-label solutions for selling digital content. Rovi is also now guiding for 2012 revenue of $645M-$655M and EPS of $2-$2.10 from continuing ops, compared with a consensus of $666.1M and $1.86. In May, the Entertainment Store was partly blamed for the company's Q1 miss.

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