Rovi Corp (ROVI) Releases FY12 Earnings Guidance
Rovi Corp (ROVI) issued an update on its FY12 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.80-1.90 for the period.
Shares of Rovi Corp (ROVI) traded up 5.99% during mid-day trading on Thursday, hitting $14.34. Rovi Corp (ROVI) has a one year low of $9.91 and a one year high of $51.78. The company’s market cap is $1.535 billion.
Rovi Corp last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.12. Rovi Corp’s revenue was down 6.8% compared to the same quarter last year. On average, analysts predict that Rovi Corp (ROVI) will post $1.74 earnings per share for the current fiscal year.
On a related note, analysts at Knight initiated coverage on shares of Rovi Corp in a research note to investors on Monday. They set a buy rating and a $20.00 price target on the stock.
Rovi Corporation is focused on powering the discovery and enjoyment of digital entertainment by providing a set of integrated solutions that are embedded in its customers’ products and services and used by end consumers to simplify and guide their interaction with digital entertainment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.