RPX Q4 Profit Declines; Issues Q1, FY14 Revenue Outlook - Quick Facts

(RTTNews) - RPX Corp. (RPXC) reported that its fourth-quarter net income available to common stockholders was $6.99 million or $0.13 per share, compared to $10.08 million or $0.19 per share in the comparable quarter last year.

Non-GAAP net income for the quarter was $9.74 million or $0.18 per share, compared to $12.27 million or $0.24 per share in the prior year quarter. On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 17% to $60.28 million from $51.56 million last year, while four analysts expected revenue of $60.30 million for the quarter.

Looking ahead to the first quarter, the company expects revenue to be in the range of $61.9 million to $62.4 million. Analysts currently expect revenues of $63.00 million for the first quarter.

For fiscal 2014, the company expects revenue to be in the range of $254 million to $268 million. Analysts currently expect revenues of $257.40 million for the fiscal year 2014.