Rovi Corp. (ROVI) Reports In-Line Q2 EPS, FY Guidance Falls Short

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Rovi Corporation Reports Second Quarter 2015 Financial Results

July 30, 2015 4:02 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Rovi Corporation (NASDAQ: ROVI) today reported financial results for the second quarter ended June 30, 2015.

The Company reported second quarter revenue of $127.8 million, a decrease of 7% compared to $137.1 million in the second quarter of 2014. Revenues were lower than in the comparable period of the prior year, which benefited from higher Consumer Electronics revenues, in part due to one-time revenues from Samsung. Second quarter 2015 Income from continuing operations, net of tax, was $3.3 million, compared to $2.7 million Loss from continuing operations, net of tax, for the second quarter of... More