Rovi Corp. Reports 19% Decline In Q1 Bottom Line

(RTTNews) - Rovi Corp. (ROVI) reported earnings for first quarter that retreated from last year.

The company said its earnings dropped to $28.12 million, or $0.34 per share. This was down from $34.67 million, or $0.39 per share, in last year's first quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.7% to $118.38 million. This was down from $134.02 million last year.

Rovi Corp. earnings at a glance:

-Earnings (Q1): $28.12 Mln. vs. $34.67 Mln. last year. -Earnings Decline (Y-o-Y): -18.9% -EPS (Q1): $0.34 vs. $0.39 last year. -EPS Decline (Y-o-Y): -12.8% -Analysts Estimate: $0.28 -Revenue (Q1): $118.38 Mln vs. $134.02 Mln last year. -Revenue Change (Y-o-Y): -11.7%

-Guidance: Full year EPS guidance: $1.35 - $1.65 Full year revenue guidance: $490 - $520 Mln