Rovi Corp. Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - Rovi Corporation (ROVI) reported third-quarter loss from continuing operations of $6.62 million or $0.07 per share, compared to profit of $6.03 million or $0.06 per share, prior year. Third quarter non-GAAP net income was $38.6 million, or $0.42 per share.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.40 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $128.58 million from $123.48 million last year. Analysts expected revenue of $128.29 million for the quarter.

Rovi now anticipates fiscal 2014 revenue of between $530 million and $545 million, and fiscal 2014 non-GAAP income per share of $1.60 - $1.75. Analysts expect the company to report full year earnings per share of $1.72 on revenue of $542.15 million.

Rovi also announced that it intends to repurchase $75 million of its common stock during the fourth quarter of 2014.