Acxiom: Fiscal 2Q Earnings Snapshot

November 6, 2019 GMT

SAN FRANCISCO (AP) _ Acxiom Holdings, Inc. (RAMP) on Wednesday reported a fiscal second-quarter loss of $40.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had a loss of 59 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 22 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

The data-services company posted revenue of $90.1 million in the period.

Acxiom expects full-year revenue in the range of $376 million to $381 million.

Acxiom shares have increased 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.40, a fall of nearly 10% in the last 12 months.


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