RPX Earnings: Everything You Must Know Now
RPX Corp (NASDAQ:RPXC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
RPX Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 10.34% to $0.26 in the quarter versus EPS of $0.29 in the year-earlier quarter.
Revenue: Rose 4.09% to $57.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: RPX Corp reported adjusted EPS income of $0.26 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $57.09 million.
Quoting Management: “We are very pleased with our results in the second quarter,” said John Amster, Chief Executive Officer of RPX Corporation. “We grew our client network to 157 members, wrote eight new insurance policies, and spent over $39 million on patent assets to continue to clear patent risk for our clients.”
Key Stats (on next page)…
Revenue decreased 6.03% from $61.19 million in the previous quarter. EPS decreased 21.21% from $0.33 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 $0.21 and has not changed. For the current year, the average estimate has moved up from a profit of $0.98 to a profit of $0.99 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)