RPX Corp Earnings: Here’s Why Investors Like These Results

RPX Corp (NASDAQ:RPXC) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.44%.

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RPX Corp Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 47.37% to $0.28 in the quarter versus EPS of $0.19 in the year-earlier quarter.

Revenue: Rose 39.57% to $61.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: RPX Corp reported adjusted EPS income of $0.28 per share. By that measure, the company missed the mean analyst estimate of $0.29. It beat the average revenue estimate of $60.1 million.

Quoting Management: “We are pleased with the solid start to the year,” said John Amster, CEO of RPX. “We made progress across the board, including client additions, renewals and new initiatives like insurance and our fee-based business.”

Key Stats (on next page)…

Revenue increased 18.7% from $51.56 million in the previous quarter. EPS increased 16.67% from $0.24 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.22 and has not changed. For the current year, the average estimate has moved up from a profit of $0.90 to a profit of $0.96 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)