Key Developments: Rovi Corp (ROVI.O)
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Latest Key Developments (Source: Significant Developments)
Rovi Corp Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Rovi Corp announced that it continues to anticipate fiscal 2013 revenue of between $630-$660 million, and is increasing its expectations for fiscal 2013 Adjusted Pro Forma Income Per Common Share (EPS) from $1.90-$2.20 to $1.95-$2.25. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue $646 million and EPS of $2.07 for fiscal 2013. Full Article
Rovi Corp And LG Electronics Inc. Expand Relationship With New Multi-Year Worldwide DivX Licensing Agreement
Rovi Corp and LG Electronics announced that they have agreed to renew a multi-year worldwide DivX license. In addition to renewing LG's long-standing support for DivX video playback in LG consumer electronics devices, the agreement also includes the licensing of DivX Plus Streaming for LG mobile devices. Full Article
Rovi Corp Issues FY 2013 Guidance In Line With Analysts' Estimates
Rovi Corp announced that for fiscal 2013, it expects revenue of between $630 million - $660 million and Adjusted Pro Forma Income Per Common Share of between $1.90 - $2.20. According to I/B/E/S estimates, analysts were expecting the Company to report revenues of $649 million and EPS of $2.04 for fiscal 2013. Full Article
Rovi Corp Announces Sale Of Rovi Entertainment Store Business
Rovi Corp announced that it intends to pursue the sale of its Rovi Entertainment Store business as part of its ongoing strategic efforts to focus the Company on growth opportunities related to its core enabling technologies and services. The Company has retained GCA Savvian Advisors, LLC as its financial adviser in connection with the potential sale. Full Article
Rovi Corp Lowers FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance-Conference Call
Rovi Corp announced that for fiscal 2012, it expects revenue of between $645 million - $655 million and Adjusted Pro Forma Income Per Common Share of between $2.00 - $2.10. According to I/B/E/S estimates, analysts were expecting the Company to report revenues of $666.06 million and EPS of $1.86 for fiscal 2012. Full Article
Rovi Corp Narrows FY 2012 Revenue Guidance To A Range In Line With Analysts' Estimates; Raises Low End Of Prior FY 2012 EPS Guidance To A Range Above Analysts' Estimates
Rovi Corp announced that for fiscal 2012, it expects revenue of between $660 million and $670 million, and Adjusted Pro Forma Income Per Common Share of between $1.80 and $1.90. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $661 million and EPS of $1.74 for fiscal 2012. Full Article
Rovi Corp Secures Contract From Cogeco Cable Canada Inc.
Rovi Corp announced that Cogeco Cable Canada Inc., a cable telecommunications provider in Canada, has signed on to use Rovi Video – one of the comprehensive collections of metadata on TV, movies and celebrities – to enhance subscriber services across platforms on set-top boxes (STBs), mobile devices and on the web. Full Article
Rovi Corp Enters Agreement With Sainsbury's To Power New Digital Video Service
Rovi Corp announced that Sainsbury's, a supermarket chain in the United Kingdom, has licensed the Rovi Entertainment Store to power a new over-the-top video service. Expected to launch later this year, the movie storefront will reinforce Sainsbury's online channel growth strategy and complement its rapidly expanding digital entertainment lineup which currently includes music and ebooks. Full Article
Rovi Corporation Lowers CY 2012 Guidance-Conference Call
Rovi Corporation announced that for calendar year 2012, it expects pro forma revenue between $650-$680 million and adjusted pro forma earnings per share (EPS) between $1.60 and $1.90. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $663 million and EPS of $1.73 for fiscal 2012. Full Article
Rovi Corporation Issues Q2 2012 Guidance Below Analysts' Estimates; Lowers CY 2012 Guidance
Rovi Corporation announced that for the second quarter of 2012, it expects revenues of approximately $158 million and loss per common share (EPS) from continuing operations for to be between $(0.15) and $(0.18) and Non-GAAP adjusted pro forma income per common share (EPS) to be between $0.35 and $0.38. For the calendar year 2012, it lowered its expectations for adjusted pro forma revenue to between $650 million and $680 million and lowered its expectations for adjusted pro forma income per common share (EPS) to between $1.60 and $1.90. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.57 on revenues of 182 million for the second quarter of 2012; EPS of $2.50 on revenues of $764 million for calendar year 2012. Full Article
UPDATE 1-Netflix does not infringe on Rovi patents -preliminary ruling
WASHINGTON, June 10 - The internet video streaming service Netflix Inc does not infringe on Rovi Corp patents for interactive television program guides, an International Trade Commission judge said in a preliminary decision.
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