SANTA CLARA, Calif. – SANTA CLARA, Calif. (AP) _ Rovi Corp. (ROVI) on Thursday reported fourth-quarter net income of $26.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Santa Clara, California-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, came to 65 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The digital TV listings company posted revenue of $149.5 million in the period.
For the year, the company reported that its loss narrowed to $4.3 million, or 5 cents per share. Revenue was reported as $526.3 million.
Rovi expects full-year earnings in the range of $1.35 to $1.65 per share, with revenue in the range of $490 million to $520 million.
Rovi shares have climbed slightly more than 7 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.88, a drop of 24 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROVI at http://www.zacks.com/ap/ROVI
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Keywords: Rovi, Earnings Report
