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.

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