Tallahassee, FL 1/13/12 (StreetBeat) -- Shares of Rovi Corp (Nasdaq: ROVI) jumped 13 percent after the digital media services provider said it would sell its Roxio product line to Canada's Corel Corp for an undisclosed amount, and forecast a strong 2012.Rovi came to own Roxio -- a maker of products like the Roxio Creator that helps create and save digital media content on computers -- through its acquisition of the popular DivX software maker Sonic Solutions in late 2010.
On Thursday, the company also forecast 2012 revenue between $810 million and $840 million and adjusted earnings of $2.50 to $2.80 a share.
Analysts were looking for revenue of $826.6 million and a profit of $2.63 a share, according to Thomson Reuters I/B/E/S.
Shares of Rovi rose to a near two-month high of $30.96 in heavy morning trading on the Nasdaq.
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