NEW YORK (AP) — NEW YORK (AP) — Acacia Research Corp. (ACTG) on Thursday reported first-quarter net income of $24.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had net income of 25 cents. Earnings, adjusted for one-time gains and costs, came to 34 cents per share.
The technology patent licensor posted revenue of $124.4 million in the period.
The company’s shares closed at $3.07. A year ago, they were trading at $5.21.
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