Acxiom Earnings: Increased Profit Helps Beat the Street
Acxiom Corporation (NASDAQ:ACXM) reported net income above Wall Street’s expectations for the second 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 Corporation Earnings Cheat Sheet
Results: Net income for Acxiom Corporation rose to $16.5 million (21 cents per share) vs. $12.3 million (15 cents per share) in the same quarter a year earlier. This marks a rise of 34.3% from the year-earlier quarter.
Revenue: Fell 3.1% to $277.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Acxiom Corporation beat the mean analyst estimate of 15 cents per share. It beat the average revenue estimate of $269.4 million.
Quoting Management: “We are encouraged by several aspects of our first half performance and direction,” said Acxiom CEO Scott Howe. “A leading indicator of our future success is the performance of our customers. We are pleased that two of our clients, United Airlines and Macy’s, were both recently named Marketer of the Year by the Direct Marketing Association. While we have much to do, particularly as it relates to our top-line growth, we are building success stories and are excited about what’s ahead for our company.”
The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 7 cents in the first quarter, by 2 cents in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.
Looking Forward: The average estimate for the third quarter remains unchanged at 16 cents a share. The average estimate for the fiscal year is 65 cents per share, a rise from 61 cents ninety days ago.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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