Acacia Research Q4 EPS $0.75 Beats $0.07 Estimate, Sales $92.31M Up From $13.12M YoY
Portfolio Pulse from Benzinga Newsdesk
Acacia Research (NASDAQ:ACTG) reported Q4 earnings of $0.75 per share, surpassing the $0.07 estimate, marking a 971.43% beat and a 250% increase from last year's losses. Sales reached $92.31M, a 603.54% increase from $13.12M YoY.
March 14, 2024 | 8:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Acacia Research reported a significant beat on Q4 earnings and sales, with earnings of $0.75 per share and sales of $92.31M, indicating strong financial performance.
The substantial beat on both earnings per share and sales compared to analyst estimates and the previous year's performance indicates a strong financial turnaround and operational efficiency. This is likely to instill investor confidence and could lead to a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100