Rovi Corp. (ROVI) announced after the bell Tuesday that it expects revenues for the second quarter to be approximately $158 million, down from $179 million last year. Non-GAAP adjusted pro forma income per common share for the second quarter is expected to be between $0.35 and $0.38.
Rovi also lowered its expectations for adjusted pro forma revenue for the full year 2012 to between $650 million and $680 million and lowered its expectations for full year adjusted pro forma income per common share to between $1.60 and $1.90.
Rovi has gapped open sharply lower Wednesday and is now down 7.02 at $10.63 on strong volume. The stock has been on a downward trend since late February and has plunged to a new low for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.