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Acacia Research: 2Q Earnings Snapshot

NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Wednesday reported a loss of $28.4 million in its second quarter.

The Newport Beach, California-based company said it had a loss of 57 cents per share. Earnings, adjusted for asset impairment costs and stock option expense, were 13 cents per share.

The technology patent licensor posted revenue of $6.5 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $3.95. A year ago, they were trading at $3.25.


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