Acxiom (ACXM) Beats Q2 Earnings & Revenues, Maintains View
Zacks Investment Research | Nov 01, 2017 10:53PM ET
Acxiom Corp. (NASDAQ:ACXM) reported non-GAAP earnings of 22 cents per share in second-quarter fiscal 2018, beating the Zacks Consensus Estimate by 7 cents. The figure increased 22.2% from the year-ago quarter.
Revenues were $225.0 million, up 3.7% from the year-ago quarter and slightly better than the Zacks Consensus Estimate of $222 million. Excluding divestitures, Australia transition and foreign exchange effect, the company’s revenues increased 8%.
Adjusted domestic revenues were $206 million, up 8% year over year. Excluding revenues related to Australia transition and foreign exchange effect, international revenues increased 12% year over year to $19 million.
Notably, Acxiom’s shares have declined 8.1% year-to-date versus the 33.1% rally of the Zacks Investment Research
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