Seeking Alpha

Patent protection services firm RPX (RPXC -22.1%) crumbles to all-time lows following its Q2...

Patent protection services firm RPX (RPXC -22.1%) crumbles to all-time lows following its Q2 report. While revenue of $55.2M (+42% Y/Y) and EPS of $0.29 beat by $4.2M and $0.07, respectively, RPX is guiding for Q3 revenue of $46.7M-$47.1M and EPS of $0.15-$0.16, below a consensus of $49.9M and $0.21. Full-year guidance is in-line. BofA has downgraded shares to Neutral.
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