Benzinga | May 17, 2021 08:29AM EDT

Acacia Research Q1 EPS $(2.81) Misses $0.05 Estimate, Sales $5.80M Beat $3.75M Estimate

Acacia Research (NASDAQ:ACTG) reported quarterly losses of $(2.81) per share which missed the analyst consensus estimate of $0.05 by 5720 percent. This is a 1070.83 percent decrease over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $5.80 million which beat the analyst consensus estimate of $3.75 million by 54.67 percent. This is a 52.03 percent increase over sales of $3.81 million the same period last year.