Acacia Research Corporation (NASDAQ:ACTG) is expected to report second quarter earnings results, before market open, on Monday 10th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.02 per share from revenue of $ 0.20 million.
Looking ahead, the full year loss are expected at $ 0.05 per share on the revenues of $ 5.01 million.
Previous Quarter Performance
Acacia Research Corporation reported loss for the first quarter of $ 0.24 per share, from the revenue of $ 3.82 million. The quarterly earnings while revenues compared with the same quarter last year.
According to street consensus, revenue of was expected for the first quarter The bottom line results street analysts by $ 0 or , at the same time, top line results analysts by $ 19.45 million or .
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ACTG was $ 4.14, representing a 136.57 % increase from the 52 week low of $ 1.75 and a 7.17 % decrease over the 52 week high of $ 4.46.
The company has a market capital of $ 201.64 million and is part of the Services sector and Business Services industry.
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Conference Call
Acacia Research Corporation will be hosting a conference call at 11:00 AM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.acaciaresearch.com
Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. 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 through the filing of patent infringement litigation. The company owns or controls the rights to various patent portfolios, which include U.S.
