Acxiom: Fiscal 1Q Earnings Snapshot
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.