UPDATE: Barrington Research Downgrades Rovi Corporation to Market Perform

Barrington Research downgraded Rovi Corporation ROVI from an Outperform to a Market Perform rating. Barrington Research commented, “After yesterday's market close, Rovi released preliminary second quarter financial results and a revised outlook for the full-year of 2012 that were significantly below expectations. Management cited material timing issues related to the signing of guidance patent licenses as well as macro-related softness in the global consumer electronics and interactive TV advertising markets as primary challenges that will likely persist into the back half of the year.” Rovi Corporation closed at $17.65 on Tuesday.