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%.
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)…