NEW YORK (TheStreet) -- Acxiom (ACXM) shares are up 0.3% to $18.75 on Monday after the company released its second quarter earnings results after the closing bell today.
The data analytics company reported a 3% decline in revenue from the same period last year to $260 million dollars, but came out ahead of analysts $252 million estimates for the quarter.
The company also reported non-GAAP diluted earnings per share of 18 cents, a 5 cent decline from the 23 cents per diluted share it reported last year due to losses in its IT infrastructure management business.
TheStreet Ratings team rates ACXIOM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACXIOM CORP (ACXM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."