RPX Corp (RPXC) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.13. The company posted revenue of $83.10 million in the period, compared to analysts expectations of $82.23 million. The company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
RPX Corp opened for trading at $10.09 and hit $10.15 on the upside on Friday, eventually ending the session at $10.07, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 3,11,444 shares. Company has a market cap of $517 M.
In a different news, on May 31, 2016, Mallun Yen (Executive Vice President) sold 7,407 shares at $9.95 per share price. According to the SEC, on May 31, 2016, Gilbert Samuel Palter (director) purchased 100,000 shares at $9.75 per share price. On May 27, 2016, Steven S Swank (Senior Vice President) sold 4,875 shares at $9.75 per share price, according to the Form-4 filing with the securities and exchange commission.
RPX Corporation (RPX) helps companies reduce patent-related risk and expense by providing a subscription-based patent risk management solution. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. The core of its solution is defensive patent aggregation in which it acquires patents and licenses to patents that are being or may be asserted against its and prospective clients. It then licenses these patent assets to its clients to protect them from potential patent infringement assertions. It also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from multiple parties including operating companies individual inventors non-practicing entities (NPEs) universities and bankruptcy trustees.