Acacia Research (NASDAQ:ACTG) reported its Q3 earnings results on Monday, November 13, 2023 at 04:06 PM.
Here’s what investors need to know about the announcement.
Earnings
Acacia Research missed estimated earnings by 125.0%, reporting an EPS of $-0.03 versus an estimate of $0.12.
Revenue was down $5.78 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.33 which was followed by a 5.1% drop in the share price the next day.
Here’s a look at Acacia Research’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.01 | -0.02 | -0.04 | |
| EPS Actual | -0.32 | -0.07 | -0.5 | 0.02 |
| Revenue Estimate | 16.00M | 16.00M | 13.50M | 13.50M |
| Revenue Actual | 7.90M | 14.80M | 13.12M | 15.88M |
To track all earnings releases for Acacia Research visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
