Acxiom Earnings Miss Wall Street Targets

acxiom

Shares of Acxiom Corp. stock were off more than 9% in after-market trading Wednesday after the Conway-based data marketer missed Wall Street targets with its fourth quarter and yearly results.

For the period ended March 31, Acxiom reported operating income of $5 million, or 6 cents per share, compared to a loss of $9 million, or 10 cents per share, in the same quarter in the previous year. Total revenue was up 9% to $245 million, compared with $224.9 million in the fourth quarter of 2017.

Acxiom’s fourth quarter earnings fell well short of Wall Street expectations of 21 cents per share on revenue of $239.9 million, according to analysts surveyed by Thomson Reuters. Acxiom shares (NASDAQ: ACXM) closed Wednesday up 18 cents at $27.56. However, shares were down $2.49 or 9.03% in afterhours trading following the release of the firm’s fourth quarter and 12-month financial statements.    MORE

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