Acxiom Earnings: Swings Up, Topping Expectations
Acxiom Corporation (NASDAQ:ACXM) reported its results for the fourth quarter. Acxiom provides marketing technology and services that enable marketers to successfully manage audiences, personalize consumer experiences, and create profitable customer relationships.
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Acxiom Earnings Cheat Sheet for the Fourth Quarter
Results: Reported a profit of $46.1 million (58 cents per diluted share) in the quarter. Acxiom Corporation had a net loss of $67.1 million or a loss 83 cents per share in the year-earlier quarter.
Revenue: Remained constant at $287.3 million.
Actual vs. Wall St. Expectations: Acxiom Corporation reported adjusted net income of 22 cents per share. By that measure, the company beat the mean estimate of 19 cents per share. It beat the average revenue estimate of $280.5 million.
Quoting Management: “While there is still much to be done, we are pleased with our progress and enter our new fiscal year with a much stronger Acxiom,” said Acxiom CEO Scott Howe. “In the past year, we have tightened our focus, significantly strengthened our management team and begun development of our next generation of products. Looking ahead, our fiscal 2013 will be a year of continuing transition and investment. Our management team is now in place and we expect to build momentum throughout the year.”
The company has now topped analyst estimates for the last three quarters. It beat the mark by 2 cents in the third quarter and by 2 cents in the second quarter.
Looking Forward: Expectations for the first quarter of the next fiscal year have not changed from 12 cents. The average estimate hasn’t changed from 74 cents per share for the fiscal year.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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