Acacia Research Q1 Sales $24.320M Beat $11.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acacia Research (NASDAQ:ACTG) reported Q1 sales of $24.320 million, surpassing the analyst consensus estimate of $11.000 million by 121.09%. This represents a 64.29% increase over the previous year's sales of $14.803 million.
May 09, 2024 | 8:42 pm
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Acacia Research reported a significant beat on Q1 sales estimates, with a 121.09% beat and a 64.29% YoY increase.
The substantial beat on sales estimates and the significant year-over-year growth indicate strong performance and positive momentum for Acacia Research, likely leading to increased investor confidence and a potential short-term uptick in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100