Rovi Corp. (ROVI) Posts Q2 GAAP Loss of $0.11/Share
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Rovi Corporation Reports Second Quarter 2016 Financial Results
July 28, 2016 4:10 PM EDTStronger-than-Anticipated Results
SAN CARLOS, Calif.--(BUSINESS WIRE)-- Rovi Corporation (NASDAQ: ROVI) today reported financial results for the second quarter ended June 30, 2016.
The Company reported second quarter revenue of $125.2 million, a decrease of 2% compared to $127.8 million in the second quarter of 2015. As expected, revenues were lower than in the comparable period of the prior year, which benefited from higher Consumer Electronics and Analog Content Protection revenues. These anticipated declines were partially offset by an increase in revenues from Service Providers. Second quarter 2016 Net loss was $9.4 million, compared to... More
