UPDATE 1-Harte-Hanks Q4 earnings beat Street, revenue lags

* Q4 adj EPS $0.28 vs est $0.24

* Q4 rev $217.5 mln vs est $218.3 mln

Feb 2 (BestGrowthStock) – Harte-Hanks Inc (HHS.N: ), which provides
integrated direct-marketing services, posted a quarterly profit
above Wall Street expectations, helped by lower expenses, but
said revenue continued to be hit by the global recession.

Revenue declined more than 19 percent to $217.5 million.
Direct marketing revenues fell 19 percent in the quarter, while
revenue from Shoppers publications decreased 20.2 percent.

“All vertical markets experienced revenue declines in the
fourth quarter,” Chief Financial Officer Doug Shepard said in a
statement.

Fourth-quarter net income fell to $13.5 million, or 21
cents a share, compared with $14.3 million, or 23 cents a
share, in the year-ago period. Excluding a legal settlement
charge, earnings were 28 cents a share.

Analysts were expecting earnings of 24 cents a share, on
revenue of $218.3 million, according to Thomson Reuters
I/B/E/S.

Shares of the San Antonio, Texas-based company closed at
$10.65 Monday on the New York Stock Exchange.

Investment Analysis

(Reporting by Sudipto Ganguly in Bangalore; Editing by Maju
Samuel)

UPDATE 1-Harte-Hanks Q4 earnings beat Street, revenue lags