Acacia Research Q2 2024 Adj EPS $(0.08) Misses $0.08 Estimate, Sales $25.80M Beat $19.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acacia Research (NASDAQ:ACTG) reported Q2 2024 adjusted EPS of $(0.08), missing the $0.08 estimate by 200%. However, sales of $25.80M beat the $19.75M estimate by 30.63%, marking a 226.42% increase from the same period last year.
August 08, 2024 | 8:35 pm
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Acacia Research (NASDAQ:ACTG) reported Q2 2024 adjusted EPS of $(0.08), missing the $0.08 estimate by 200%. However, sales of $25.80M beat the $19.75M estimate by 30.63%, marking a 226.42% increase from the same period last year.
The significant miss on EPS is a negative indicator and could lead to a short-term decline in stock price. However, the strong sales performance and substantial year-over-year growth may offset some of the negative sentiment, leading to a neutral overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100