Rovi Corp. (ROVI) Tops Q3 EPS by 2c; Guides FY In-Line

Rovi Corp. (NASDAQ: ROVI) reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $128.6 million versus the consensus estimate of $128.3 million.

Rovi Corp. sees FY2014 EPS of $1.60-$1.75, versus the consensus of $1.72. Rovi Corp. sees FY2014 revenue of $530-545 million, versus the consensus of $542.2 million.

“Rovi delivered solid results during the third quarter, driven by growth in both IP Licensing and Product revenues from our core Service Provider sales vertical,” said Tom Carson, President and CEO of Rovi. “We also made several key hires and continue to build and strengthen our future growth engines, including our cloud-based platform, advanced search and recommendation and analytics tools. On that front, our recently announced Fanhattan acquisition represents a significant step forward in terms of our cloud-based discovery and guidance initiatives. We remain confident in Rovi’s strategy and positioning, as we move towards the end of the year, and look forward to providing a deeper understanding of the opportunities we see at our Investor Day on January 7th.”

For earnings history and earnings-related data on Rovi Corp. (ROVI) click here.

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