What: Shares of risk management solutions company RPX (NASDAQ: RPXC ) jumped as much as 10% today after the company reported earnings.
So what: First-quarter revenue jumped 40% to $61.2 million and adjusted net income rose 75% to $17.5 million, or $0.33 per share. Analysts estimated earnings of $0.29 per share on $60.1 million in revenue.
Now what: The positive item investors are pointing to today is guidance for the second quarter. Management expects revenue of $56.8 million to $57.3 million, above the $54.6 million consensus, pointing to better-than-expected growth as the year goes on. Management didn't expect this to lead to great earnings, but I do think momentum is going in the right direction, and the stock can outperform after this earnings beat.
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