NEW YORK (AP) _ Acacia Research Corp. (ACTG) on Thursday reported third-quarter net income of $28.1 million.

The New York-based company said it had profit of 2 cents per share. Losses, adjusted for non-recurring gains, were 44 cents per share.

The technology patent licensor posted revenue of $15.9 million in the period.

The company's shares closed at $3.94. A year ago, they were trading at $5.71.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACTG at https://www.zacks.com/ap/ACTG

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News