💨 Abstract

Acacia Research Corp. (ACTG) reported a first-quarter net income of $24.3 million, reversing a loss from the same period last year. The company earned 25 cents per share, with adjusted earnings of 34 cents per share. Revenue for the quarter was $124.4 million. The stock closed at $3.07, down from $5.21 a year ago.

Courtesy: wtop.com

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