Rovi Corp. Earnings Cheat Sheet: Streak of Profit Quarters Broken by a Loss

Rovi Corporation (NASDAQ:ROVI) reported its results for the second quarter. Rovi Corp focuses on powering the discovery and enjoyment of digital entertainment by providing a broad set of integrated solutions.

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Rovi Earnings Cheat Sheet for the Second Quarter

Results: Swung to a loss of $10.7 million (10 cents per diluted share) in the quarter. Rovi Corporation had a net income of $41.2 million or 39 cents per share in the year earlier quarter.

Revenue: Rose 44.2% to $193 million from the year earlier quarter.

Actual vs. Wall St. Expectations: ROVI reported adjusted net income of 61 cents per share. By that measure, the company beat the mean estimate of 49 cents per share. Analysts were expecting revenue of $192.1 million.

Quoting Management: “We are pleased with our progress in 2011 and the continued success across our business,” said Fred Amoroso, President and CEO of Rovi.”We have made excellent progress and we look forward to achieving our goals and objectives through the balance of the year.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 24.1% to $161.5 million in the first quarter. The figure rose 1.6% in the fourth quarter of the last fiscal year from the year earlier and climbed 19.7% in the third quarter of the last fiscal year from the year-ago quarter.

ROVI’s loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $17 million in the first quarter, a profit of $67.2 million in the fourth quarter of the last fiscal year and $36.4 million in the third of the last fiscal year.

The company has now beaten estimates the last two quarters. In the first quarter, it topped expectations with net income of 50 cents versus a mean estimate of net income of 41 cents per share.

Competitors to Watch: Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), TiVo Inc. (NASDAQ:TIVO), News Corporation (NASDAQ:NWSA), HSW International, Inc. (NASDAQ:HSWI), Martha Stewart Living Omnimedia, Inc. (NYSE:MSO), Meredith Corporation (NYSE:MDP), PRIMEDIA Inc. (NYSE:PRM), and Barnes & Noble, Inc. (NYSE:BKS).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)