Rovi Results Top Estimates; Reaffirms FY Guidance

(RTTNews) - Rovi Corp (ROVI) on Thursday reported first-quarter net loss of $15.5 million or $0.18 per share. This compares with a loss of $54.3 million or $0.57 per share last year, when it incurred loss from discontinued operations.

Excluding items, adjusted earnings for the quarter were $0.39 per share compared with earnings of $0.45 per share a year ago.

Revenues for the quarter were down 6% at $134 million compared with $142.5 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.37 per share on revenues of $131 million for the quarter. Analysts' estimates typically exclude special items.

Expenses for the quarter totaled $120 million compared with $118 million a year ago.

For the full year 2015, the company still expects adjusted earnings of $1.55 to $1.85 per share on revenues of $535 million to $565 million. Analysts expect earnings of $1.72. per share on revenues of $549 million.

Rovi provides solutions for the discovery and personalization of digital entertainment to service providers and consumer electronics industry.