NEW YORK (TheStreet) -- Shares of Acxiom (ACXM) are sliding 10.55% to $20.02 on heavy trading volume Wednesday afternoon after the company posted lower-than-expected guidance for fiscal 2017 after yesterday's closing bell.
The Little Rock, AR-based data services company sees earnings of 55 cents per diluted share on revenue between $870 million and $890 million for the full year.
Analysts are looking for earnings of 65 cents per share on revenue of $893.5 million.
For the 2016 fiscal fourth quarter, Acxiom reported earnings of 18 cents per diluted share, above analysts' expectations of 12 cents per share.
Revenue rose 9% to $224.7 million year-over-year and topped analysts' estimates of $210.2 million.
So far today, about 1.6 million of the company's shares changed hands vs. its average volume of 351,168 shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance.
However, the team also finds weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: ACXM