ROVI was among a large group of stocks that received analyst downgrades today based on poor guidance. The digital entertainment company lowered its earnings estimates for their August 2nd earnings release to be lower than expected with earnings between 35 and 38 cents and revenue of $158 million. The drops in expectations are due to slower demand for consumer electronics along with slow-moving patent licensing.
David Cornes holds a degree in economics from the University of Montana.