Benzinga | Nov 9, 2020 08:49AM EST

Acacia Research: Q3 Earnings Insights

Shares of Acacia Research (NASDAQ:ACTG) remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share rose 313.33% year over year to $0.32, which beat the estimate of ($0.02).

Revenue of $19,466,000 rose by 1037.70% year over year, which beat the estimate of $400,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 09, 2020

Time: 11:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2371/38302

Recent Stock Performance

Company's 52-week high was at $4.46

Company's 52-week low was at $1.75

Price action over last quarter: down 12.44%

Company Overview

Acacia Research Corp is engaged in the acquisition, development, and patents technologies through its subsidiaries. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies.