Acxiom Posts Loss; Stock Down 10%

(RTTNews) - Acxiom Corp (ACXM), an enterprise data, analytics and software-as-a-service company, on Thursday said its fourth-quarter net loss narrowed to $5 million or $0.08 per share from $29.2 million or $0.38 per share last year.

Excluding items, adjusted earnings for the quarter were $0.24 per share compared with $0.26 per share a year ago.

Revenues for the quarter fell 4.2% to $257.4 million from $268.8 million in the prior year, as a result of expected IT Infrastructure Management declines.

Analysts polled by Thomson Reuters estimated earnings of $0.22 per share on revenues of $259.3 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2016, the company expects earnings from continuing operations of $0.45 to $0.50 per share on revenues of $815 million to $840 million. Analysts expect earnings of $0.90 per share on revenues of $1.05 billion.