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Acxiom: Fiscal 1Q Earnings Snapshot

August 5, 2019

SAN FRANCISCO (AP) _ Acxiom Holdings, Inc. (RAMP) on Monday reported a loss of $42.1 million in its fiscal first quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 61 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 24 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The data-services company posted revenue of $82.5 million in the period.

Acxiom expects full-year revenue in the range of $363 million to $377 million.

Acxiom shares have climbed 27% since the beginning of the year. In the final minutes of trading on Monday, shares hit $49.20, an increase of 21% in the last 12 months.

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

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