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Acacia Research: 3Q Earnings Snapshot

November 12, 2019

NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Tuesday reported a loss of $7.6 million in its third quarter.

The Newport Beach, California-based company said it had a loss of 15 cents per share. Losses, adjusted for non-recurring costs and amortization costs, came to 3 cents per share.

The technology patent licensor posted revenue of $1.7 million in the period.

Acacia Research expects full-year revenue in the range of $15 million to $20 million.

The company’s shares closed at $2.61. A year ago, they were trading at $3.20.

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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