Acxiom (ACXM) Issues Downside Q1 Outlook
ACXM Hot Sheet
Revenue Growth %: -3.9%Financial Fact:
Basic (in dollars per share): 0.1
Today's EPS Names:
VSNT, CIM, KH, More
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."
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."
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