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Acacia Research Corporation (NASDAQ:ACTG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 13.45%.
Acacia Research Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.86 in the quarter versus EPS of $-0.17 in the year-earlier quarter.
Revenue: Rose 218.75% to $66.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Acacia Research Corporation reported adjusted EPS income of $0.86 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $43.33 million.
Quoting Management: “Acacia generated the second highest revenue quarter in company history in the 4th Quarter of 2012, capping another record year in revenues, profits and new patent portfolios for future licensing,” commented CEO, Paul Ryan. “These results reflect Acacia’s growing industry leadership in patent licensing and are accelerating new opportunities to partner with patent owners.”
Key Stats (on next page)…
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