Click to copy
Click to copy
Related topics

Acacia Research: 2Q Earnings Snapshot

August 5, 2019

NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Monday reported a loss of $5.8 million in its second quarter.

The Newport Beach, California-based company said it had a loss of 12 cents per share. Losses, adjusted for one-time gains and costs, were 4 cents per share.

The technology patent licensor posted revenue of $5.5 million in the period.

Acacia Research expects full-year revenue of $25 million.

In the final minutes of trading on Monday, the company’s shares hit $2.95. A year ago, they were trading at $3.75.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACTG at https://www.zacks.com/ap/ACTG

All contents © copyright 2019 The Associated Press. All rights reserved.