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Actionable news in ROVI: Rovi Corporation,

Why Rovi Stock is Tanking Today

NEW YORK (TheStreet) -- Shares of Rovi Corp. (ROVI - Get Report) are plummeting by 21.01% to $8.91 on Thursday afternoon, following last night's release of the entertainment technology company's 2015 third quarter earnings results.

The Santa Clara, CA-based company's most recent financial results fell short of analysts' expectations.

Rovi's adjusted earnings came in at 29 cents per share on revenue of $114.88 million for the three month period ended September 30.

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