CORRECTED - CORRECTED-UPDATE 1-Acxiom Q3 misses on lower margins; shares sli

Wed Jan 26, 2011 2:05pm EST

(Corrects company description in paragraph 1)

* Q3 adj EPS $0.19 vs est. $0.22

* Q3 revenue up 5.4 pct to $299.1 mln

* Q3 margins at 24.2 pct, from 26 pct

* Shares down 10 percent

Jan 26 (Reuters) - Acxiom Corp (ACXM.O), an interactive marketing services and technology company, posted a quarterly profit that missed Wall Street estimates, hurt by lower gross margins, sending its shares down 10 percent.

October-November net income was $34.6 million or 25 cents a share, compared with $29.9 million, or 18 cents a share, a year ago.

Excluding one-time items, the company earned 19 cents per share.

Revenue rose 5.4 percent to $299.1 million. Gross margins for the third quarter fell about 2 percentage points to 24.2 percent.

Analysts on average were expecting the company to earn 22 cents per share, on revenue of $300.7 million, according to Thomson Reuters I/B/E/S.

Shares of Little Rock, Arkansas-based Acxiom fell to a low of $15.92 early on Wednesday, but pared some losses and were trading down 5 percent at $16.78 on Nasdaq. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Unnikrishnan Nair)

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