Acacia Research Q2 Adj EPS $(0.32) Misses $0.01 Estimate, Sales $7.90M Miss $16.00M Estimate
Portfolio Pulse from totan@benzinga.com
Acacia Research (NASDAQ:ACTG) reported Q2 losses of $(0.32) per share, missing the analyst consensus estimate of $0.01 by 3300 percent. This is a 77.78 percent increase over losses of $(1.44) per share from the same period last year. The company also reported quarterly sales of $7.90 million, missing the analyst consensus estimate of $16.00 million by 50.60 percent, a 52.72 percent decrease over sales of $16.72 million the same period last year.
August 04, 2023 | 2:34 pm
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NEGATIVE IMPACT
Acacia Research's Q2 results missed estimates significantly, with losses per share and sales both underperforming. This could negatively impact the company's stock in the short term.
Acacia Research's Q2 results were significantly below analyst estimates, with losses per share missing by 3300 percent and sales missing by 50.60 percent. This underperformance could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100