Acacia Research Corp. (ACTG) reported first quarter adjusted EPS of $0.47 after the bell Thursday, compared to the consensus estimate of $0.42. Revenues dropped to $76.86 million from $99.04 million last year. Analysts expected revenues of $58.68 million.
Acacia Research gapped open lower Friday and dropped sharply in early trade. The stock ended the day with a loss of 8.08 at $21.49 on the highest volume of the year. Acacia Research sank to a 4 1/2 month low and fell below its 50 and 200-day moving averages.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.