Acxiom (ACXM) Issues Downside Q1 Outlook
More News related to ACXM
- Acxiom Highlights Dramatic Expansion of Advertising Solutions at ad:tech New York
- Acxiom Experts Discuss Digital Addressable TV, iDirect Marketing and Insight-Driven Customer Engagement During ad:tech NY 2009
- Online Consumers Stand to Benefit from Joint Acxiom-Kynetx Solutions
- Morning Movers 10/29: ROIAK, GIGA, HS, TBL, KDN, CATM Higher; TSPT, CPF, CYTK, KSP, FSLR, CLUB, PODD Lower
- Acxiom (ACXM) Tops Q2 EPS by 1c
More News related to Guidance
- S&P Announces Change to US Index: LL for UCBH
- Electronic Arts (ERTS) Makes Major Job Cuts As Q2 Profits Lag
- Kraft (KFT) to Ask Holders to Vote to Issue New Shares
- Sprint Nextel (S) Aims to Reduce Labor Costs by $350M in Q409
- Highlights From DISH's Q3 Conference Call - Q&A Session
Acxiom(R) Corporation (Nasdaq: ACXM) sees Q1 sales of $245-$255 million and EPS of about $0.03-$0.07. The Street is currently looking for Q1 sales and EPS of $282.87 million and $0.21, respectively.
John Meyer, Acxiom's CEO and president, stated, "Our first-quarter revenues are expected to decrease 17 to 21 percent compared to the first quarter a year ago, as adjusted for the data pass-through contract of $22.2 million included in revenue for the prior year first quarter. The outlook for revenue in the near term remains challenging. We continue to feel the effects of market consolidation, as well as clients continuing to defer decisions on their marketing spending or canceling programs, both of which have an effect on our revenue and our ability to estimate revenue."
Meyer continued, "We remain diligent in our cost control measures and our focus on new business opportunities."
Related Categories
GuidanceHot List
Stocks Mentioned
+0.32Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
