Rovi Corp. (ROVI) Wednesday said first-quarter loss widened to $25.73 million or $0.26 per share from $4.61 million or $0.04 per share in the same period last year.
Adjusted pro-forma income for the quarter was $44.9 million or $0.45 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.46 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $154.7 million, down from $171.7 million last year. Analysts expected revenues of $152.58 million.
For the fiscal year 2013, Rovi currently expects pro-forma earnings in the range of $1.95 to $2.25 per share, compared to the previous guidance range of $1.90 to $2.20 per share.
The company continues to expect revenues in the order $630 million and $660 million. Analysts currently expect the company to report full-year earnings of $2.07 per share on revenues of $646.05 million.
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