Earnings: Macrovision Slides on Weak 2Q, Outlook

Macrovision, the DRM and content protection tech company, has reported a 31 percent drop in Q2 profits as amortization costs and a higher tax rate weighed on its bottom line. The company also said lackluster forecasts for DVD sales will cut into full-year results.

Net income dropped to $6.1 million from $8.8 million a year ago. Although quarterly revenue jumped 25 percent to $44.4 million from $35.7 million a year earlier, the company’s sales missed the average analyst estimate of $47.9 million.

CEO Fred Amoroso: “The DVD industry appears to have hit a few road bumps and our customers are forecasting lower DVD growth in future quarters. This will naturally impact our copy-protection business.”

This comes after last week’s announcement of its buyout of Trymedia, for $34 million.

More earnings details here

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