Harte-Hanks 1Q Profit Cut In Half, Beats View

SAN ANTONIO (AP) — Harte-Hanks Inc., a direct marketing and advertising company, on Tuesday reported a 48 percent decline in first-quarter profit after incurring higher-than-expected charges as revenue fell. But earnings beat expectations.

The company earned $7.1 million, or 11 cents per share, in the quarter, compared with $13.6 million, or 21 cents, in the same period a year earlier. Revenue was $217.7 million, down 19 percent from $268.5 million.

Harte-Hanks' quarterly profit exceeded the 6-cent-per-share forecast of analysts polled by Thomson Reuters, but fell short of the $224.2 million revenue expected. ...