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Acacia Research reports 4Q loss

NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Thursday reported a loss of $10.6 million in its fourth quarter.

The Newport Beach, California-based company said it had a loss of 21 cents per share. Earnings, adjusted for one-time gains and costs, were 2 cents per share.

The technology patent licensor posted revenue of $22 million in the period.

For the year, the company reported that its loss narrowed to $54.1 million, or $1.08 per share. Revenue was reported as $152.7 million.

Acacia Research shares have declined 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.75, a climb of 60 percent in the last 12 months.


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


Keywords: Acacia Research, Earnings Report