Acacia Research Corporation (NASDAQ:ACTG) is reporting third quarter earnings results on Monday 9th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.02 per share from $ 0.40 million in revenue.
For the full year, analysts predict revenues of $ 6.90 million, while looking forward to loss of $ 0.15 per share.
Previous Quarter Performance
Acacia Research Corporation unveiled income for the second quarter of $ 0.09 per share, from the revenue of $ 2.12 million. Wall street analysts are predicting, ACTG to report 2Q20 loss of $ 0.02 per share from revenue of $ 0.20 million.
Stock Performance
On Friday, shares of Acacia Research Corporation has traded high as $ 3.71 and has cracked $ 3.40 on the downward trend, reaching $ 3.59 with volume of 188.40 thousand shares.
According to the previous trading day, closing price of $ 3.59, representing a 108.00 % increase from the 52 week low of $ 1.75 and a 18.39 % decrease over the 52 week high of $ 4.46.
The company has a market capital of $ 176.91 million and is part of the Services sector and Business Services industry.
Conference Call
Acacia Research Corporation will be hosting a conference call at 11:00 AM eastern time on 9th November 2020, to discuss its 3Q20 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.
