Acxiom Corporation (ACXM) Releases Earnings Results, Beats Expectations By $0.06 EPS

Acxiom Corporation (ACXM) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.09. The company posted revenue of $214.80 million in the period, compared to analysts expectations of $202.90 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Acxiom Corporation. Dougherty & Company Initiated Acxiom Corporation on May 24, 2016 to “Buy”, Price Target of the shares are set at $28.

Acxiom Corporation closed down -0.22 points or -0.95% at $22.98 with 3,06,276 shares getting traded on Tusday. Post opening the session at $23.1, the shares hit an intraday low of $22.95 and an intraday high of $23.2 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 11, 2016, S. Travis May (Divisional President) sold 31,354 shares at $21.75 per share price. According to the SEC, on May 20, 2016, John L. Battelle (director) purchased 1,251 shares at $19.97 per share price. On Mar 17, 2016, Richard E. Erwin (Divisional President) purchased 23,556 shares at $20.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Acxiom Corporation is an enterprise data analytics and software-as-a-service company. The Company’s operating segments include Marketing and Data Services IT Infrastructure Management (ITO) and Other Services. The Marketing and Data Services segment includes its global lines of business for Customer Data Integration Consumer Insight Solutions Marketing Management Services (including the Audience Operating System and LiveRamp on-boarding services) e-mail Fulfillment Services and Consulting and Agency Services. The IT Infrastructure Management segment develops and delivers information technology (IT) outsourcing and transformational solutions. Its client list includes organizations in these regions across industry verticals including financial insurance and investment services automotive retail telecommunications high tech healthcare travel entertainment non-profit and government. It operates in the United States Europe South America and the Asia-Pacific region.

Acxiom Corporation

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