Acacia Research: Q4 Earnings Insights

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Acacia Research ACTG reported its Q4 earnings results on Thursday, March 14, 2024 at 04:06 PM.

Here's what investors need to know about the announcement.

Earnings

Acacia Research beat estimated earnings by 971.0000000000001%, reporting an EPS of $0.75 versus an estimate of $0.07.

Revenue was up $79.19 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.15 which was followed by a 2.0% increase in the share price the next day.

Here's a look at Acacia Research's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.12 0.01 -0.02
EPS Actual -0.03 -0.32 -0.07 -0.5
Revenue Estimate 8.00M 16.00M 16.00M 13.50M
Revenue Actual 10.10M 7.90M 14.80M 13.12M

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.

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