American Green Inc (ERBB)

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4:42pm 08/01/05
Macrovision profit slumps 31%; firm cuts outlook (MVSN) By Michael Paige
LOS ANGELES (MarketWatch) -- Macrovision Corp. (MVSN) late Monday said its second-quarter profit slumped 31% to $6.1 million, or 12 cents a share, from a year-earlier profit of $8.8 million, or 18 cents a share, despite increased revenue. Excluding one-time items, the company would have earned $8 million, or 16 cents a share, compared to $9.5 million, or 19 cents a share, a year earlier. Revenue for the period ended June 30 rose 25% to $44.4 million from $35.7 million. Looking ahead, the company cuts its financial outlook for the year, saying the DVD industry "appears to have hit a few road bumps" that will impact its copyright protection businessb. Wall Street analysts, on average, expected a second-quarter profit of 16 cents a share before items on revenue of $47.9 million, according to a Thomson First Call survey.