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Spanish Drugmaker Rovi Shares Plunge 13% After Profit Warning, Stock Falls Below €70
Madrid — Shares of Laboratorios Farmacéuticos Rovi, S.A. (BME:ROVI) tumbled nearly 13% on Friday, May 8, 2026, after the Spanish pharmaceutical company announced a steep 48% drop in first-quarter profits and slashed its full-year earnings forecast. The stock, which fell below €70, underscores growing investor concerns about the company’s financial trajectory amid a challenging market environment.
Rovi reported first-quarter net income of €9.4 million, a significant decline from previous periods, and downgraded its outlook for 2026, reflecting broader industry headwinds and shifting demand for specialty pharmaceuticals. The company’s revenue for 2025 stood at €743.48 million, a slight decrease from €763.75 million the prior year, according to its latest financial filings.
Analysts have responded by downgrading their recommendations and price targets, citing the company’s weakened profitability and uncertainty over its ability to sustain growth in key markets. The stock’s sharp decline has erased nearly €1 billion in market value over the past two trading sessions, highlighting the severity of investor reaction to the earnings miss.
Rovi, founded in 1946, manufactures and markets a range of prescription and hospital products, including treatments for cardiovascular diseases, oncology, and respiratory conditions. Its portfolio spans Europe and international markets, but recent performance has drawn scrutiny as the company navigates a period of heightened volatility in the pharmaceutical sector.
The company’s shares had already faced pressure earlier this week, with the stock dropping more than 6% on May 7 alone. As of Friday’s close, Rovi’s market capitalization stood at approximately €3.22 billion, reflecting both its historical significance in the European drug market and the current challenges it faces.
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