Acxiom Corp. (ACXM) Sees Cloudy Skies Ahead
Acxiom Corp. (ACXM) posted a loss for the fiscal fourth quarter as costs to lay off workers and close properties ate into results, according to the marketing services company. Acxiom lost $58.3 million, or 76 cents per share, in the three months ended March 31, compared with profit of $5.7 million, or 7 cents per share, in the fiscal fourth quarter last year. The company was squeezed by $107.2 million in costs stemming largely from a restructuring. The company spent $42.9 million to lay off workers and close properties, $13.5 million to close other operations, and $15 million to dispose…