Rovi (ROVI) -6.3% AH after establishing 2013 revenue guidance of $630M-$660M and EPS guidance of...

|About: Rovi Corporation (ROVI)|By:, SA News Editor

Rovi (ROVI) -6.3% AH after establishing 2013 revenue guidance of $630M-$660M and EPS guidance of $1.90-$2.20 ahead of a CES investor presentation. The numbers are mostly below a consensus of $683.8M and $2.20. IP licensing revenue is expected to grow 15% in 2013 to $315M, and opex/cost of goods sold less than 1% to $356.5M. Rovi rallied last week after announcing it's looking to sell its money-losing Entertainment Store unit.