I thought that it was interesting that even during an economic downswing that Acxiom was able to post a 20% Increase in earnings this quarter. They released their earnings today, and ACXM Shares closed today slightly higher, this will definitely make the shareholders happy given that just about everything in their portfolio has taken a beating as of late. Here’s a snippet from Arkansas Business:
Despite a decrease in revenue, Acxiom reported a 20 percent increase to $15.85 million, or 18 cents per share, in earnings during its second quarter. Earnings for the quarter ending Sept. 30, excluding extraordinary items, were at about 18 cents per share, up 20 percent from $9.19 million, or 15 cents per share, during the same quarter last year. The interactive marketing services company recorded revenue of $328.9 million for the quarter, down 5.7 percent from the same quarter a year ago.
Acxiom’s earnings for the quarter are slightly above analysts’ earnings estimate of 17 cents per share, but below their revenue estimate of $341.3 million. Including an unusual gain of $2.4 million for the second quarter of the company’s fiscal 2009, Acxiom (Nasdaq: ACXM) reported earnings per share of 20 cents.
For the six months ending Sept. 30, the company reported $660 million in revenue, down slightly from $683.5 million for the same period last year. Earnings per share for the six month period, including extraordinary items, were 34 cents, compared with a 6-cent loss during the previous year.
Acxiom Reports 20 Percent Increase in Earnings on Down Revenue – ArkansasBusiness.com
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