ACXM ($10-?) P/E 25 1 Cent narrower loss, Revs Slipped, guides higher for next quarter.
Acxiom says posts Q1 loss before items
July 23, 2001 6:27:00 PM ET
LITTLE ROCK, July 23 (Reuters) - Acxiom Corp. (ACXM), a provider of computer-based marketing information services, said on Monday that it reported a first-quarter loss before items and its revenues slipped, but it forecast a second-quarter profit. The company said before non-recurring items, it reported an operating loss of $4 million, or 7 per share, compared with a profit of 24 cents per share a year earlier.
Revenue fell to $205 million from $239.6 million a year earlier. The company said it reported $71 million in special charges and operating expenses related to the restructuring.
The company said it expects to report second-quarter revenues of $215 million to $225 million and earnings of 7 cents to 10 cents per share and full-year 2002 earnings of 28 cents to 33 cents after items.
For 2003, Acxiom forecast its revenues will grow by about 20 percent and earnings will be in the range of 65 cents to 75 cents per share. Its shares lost 33 cents, or about 3 percent, to close at $10.54 at the end of Monday trading on the Nasdaq. REUTERS
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