Acacia Research (NASDAQ: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.