U.S. Markets closed

Acacia Research: 1Q Earnings Snapshot

NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Thursday reported a loss of $4.4 million in its first quarter.

On a per-share basis, the Newport Beach, California-based company said it had a loss of 9 cents. Losses, adjusted for one-time gains and costs, came to 10 cents per share.

The technology patent licensor posted revenue of $3.4 million in the period.

Acacia Research expects full-year revenue of $25 million.

In the final minutes of trading on Thursday, the company's shares hit $3.14. A year ago, they were trading at $3.80.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACTG at https://www.zacks.com/ap/ACTG