RPX (RPXC) Tops Q3 EPS by 4c, Offers Outlook
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RPX (NASDAQ: RPXC) reported Q3 EPS of $0.26, $0.04 better than the analyst estimate of $0.22. Revenue for the quarter came in at $65.4 million versus the consensus estimate of $63.5 million.
Business Outlook
This outlook reflects the Company's current and preliminary view and may be subject to change. Please see the paragraph regarding "Forward-Looking Statements" at the end of this news release.
The Company provided the following business outlook for the fourth quarter of fiscal 2014:
Subscription revenue[2] | $62.8 - $63.4 million | |
Fee-related revenue | $4.2 - $6.2 million | |
Total revenue | $67.0 - $69.6 million | |
Net income (non-GAAP) | $12.0 - $13.7 million | |
Effective tax rate (non-GAAP) | 37% | |
Pro forma weighted-average diluted shares outstanding | 55.3 million |
The Company provided the following business outlook for the full year 2014:
Subscription revenue[2] | $250.6 - $251.2 million | |
Fee-related revenue | $8.0 - $10 million | |
Total revenue | $258.6 - $261.2 million | |
Cost of revenue (non-GAAP) | $124.5 - $125.5 million | |
SG&A (non-GAAP) | $52.0 - $52.8 million | |
Net income (non-GAAP) | $52.0 - $53.7 million | |
Effective tax rate (non-GAAP) | 37% | |
Pro forma weighted-average diluted shares outstanding | 55.0 million | |
Net acquisition spend | $135 million |
For earnings history and earnings-related data on RPX (RPXC) click here.
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