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RPX Corporation Message Board

  • swing_trader37 swing_trader37 Nov 1, 2011 11:22 PM Flag

    Beat on EPS, Revenue, and Raised Forward Guidance

    Can't ask for more than that. Solid report all around. Watch for more analyst coverage and increased price targets. Now if only the general market would cooperate.

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    • Two interesting comments from the Conference Call:

      1. RPX is taking a $4M hit against net income in 4Q 2011, relating to a contingent expense from a 2008 patent acquisition. This will make for GAAP income of 7-8 cents per share. Non-GAAP income (which excludes the $4MM hit) is projected at 13-14c vs analyst consensus at 13c. Revenue guidance in line with top line estimates.

      2. RPX is creating a patent insurance business that will go into effect in 2012. This is interesting, I like management's creativity and willingness to take risk to increase value.

      This company is a very interesting long term hold, let's hope the short term disaster is over.

11.08-0.10(-0.89%)Apr 29 4:00 PMEDT