Acxiom Down on Warning - TheStreet

Acxiom Down on Warning

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Acxiom (ACXM) was down 9% in preopen Island trading after the company warned that first-quarter revenue and earnings would be below previous guidance.

The business data management company said it would lose 6 to 9 cents a share on revenue of about $205 million. Analysts were looking for earnings of 5 cents a share, according to

Thomson Financial/First Call

.

The company also said it was cutting 7% of its workforce.