RPX Corporation (RPXC) Tops Q4 EPS by 9c; Company Announces it is Exploring Strategic Alternatives

RPX Corporation (NASDAQ: RPXC) reported Q4 EPS of $0.22, $0.09 better than the analyst estimate of $0.13. Revenue for the quarter came in at $81.8 million versus the consensus estimate of $80.53 million.

Strategic Alternatives Process

Separately, the Company announced that its Board of Directors is conducting a process to explore and evaluate strategic alternatives to maximize shareholder value. The Board has not made any decisions related to any strategic alternatives at this time. No assurances can be made with regard to the timeline for completion of the strategic review, or whether the review will result in any particular outcome. The Company undertakes no obligation to make further comments on developments related to this review except upon entry into a definitive transaction agreement or as otherwise required by law.

"Over the past year, the Company has focused on streamlining its cost structure and putting into place a management structure that maximizes the performance of the existing business, and also has started to develop new initiatives that leverage the Company's existing competencies to expand RPX's footprint in the patent space. With this progress, we believe now is an appropriate time to explore various alternatives available to the Company to maximize value for its shareholders on the basis of its current operations and future prospects," said Shelby Bonnie, Chairman of the Board.

For earnings history and earnings-related data on RPX Corporation (RPXC) click here.

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