Rovi Corporation (ROVI) Releases Earnings Results, Beats Expectations By $0.07 EPS

Rovi Corporation (ROVI) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.27. The company posted revenue of $118.38 million in the period, compared to analysts expectations of $117.70 million. The company’s revenue was down -11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Rovi Corporation. Company shares were Reiterated by JP Morgan on Feb 19, 2016 to “Overweight”, Firm has raised the Price Target to $ 34 from a previous price target of $23 .

Rovi Corporation closed down -0.04 points or -0.22% at $17.92 with 8,15,982 shares getting traded on Wednesday. Post opening the session at $17.96, the shares hit an intraday low of $17.64 and an intraday high of $18.17 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 3, 2016, Pamela A. Sergeeff (EVP & General Counsel) sold 1,818 shares at $19.00 per share price. According to the SEC, on Dec 3, 2015, Glenn W. Welling (director) purchased 274,417 shares at $11.76 per share price. On Nov 20, 2015, Nathaniel Steven Lucas (director) purchased 10,000 shares at $10.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs) search and recommendations cloud data services and its database of metadata which includes descriptive information promotional images or other content that describe or relate to Television shows videos movies music books games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing Products and Corporate. Its solutions are deployed around the world in the cable satellite consumer electronics entertainment media and online distribution markets.

Rovi Corporation

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