NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Wednesday reported a loss of $11.4 million in its fourth quarter.
The Newport Beach, California-based company said it had a loss of 23 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 41 cents per share.
The technology patent licensor posted revenue of $49.2 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $3.15. A year ago, they were trading at $3.70.
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