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Acacia Research posts 3Q profit

NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Thursday reported third-quarter net income of $158.5 million.

The Newport Beach, California-based company said it had net income of $3.13 per share. Earnings, adjusted for amortization costs and asset impairment costs, came to $3.31 per share.

The technology patent licensor posted revenue of $36.6 million in the period.

The company's shares closed at $4.25. A year ago, they were trading at $5.95.


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