Acxiom Posts Q2 Loss; Tightens Full Year Guidance - Quick Facts

(RTTNews) - Acxiom Corp. (ACXM) reported a second-quarter net loss to company of $1.54 million, compared to profit of $9.84 million, a year ago. Net loss per share to stockholders was $0.02, compared to profit of $0.13. Non-GAAP net earnings attributable to Acxiom was $13.95 million or $0.18 per share, for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.17 for the quarter. Analysts' estimates typically exclude special items.

Total revenue decreased to $260.04 million from $267.78 million, a year ago. Analysts expected revenue of $250.54 million for the quarter.

The company now expects revenue from continuing operations for the fiscal year to be down roughly four percent compared to fiscal 2014. The decline in revenue is primarily due to the impact of lost IT Infrastructure Management customers and the exit of analog paper survey business in Europe. The company now expects earnings per share to be in the range of $0.73 to $0.78. Analysts expect the company to report fiscal year profit per share of $0.75.