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Teradata: 1Q Earnings Snapshot

DAYTON, Ohio (AP) _ Teradata Corp. (TDC) on Thursday reported a loss of $7 million in its first quarter.

The Dayton, Ohio-based company said it had a loss of 6 cents per share. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The data management company posted revenue of $506 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $496.1 million.

For the current quarter ending in July, Teradata expects its per-share earnings to range from 17 cents to 19 cents.

The company said it expects revenue in the range of $520 million to $530 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $523.2 million.

Teradata expects full-year earnings in the range of $1.40 to $1.46 per share, with revenue ranging from $2.15 billion to $2.18 billion.

Teradata shares have increased 4 percent since the beginning of the year, while the Standard & Poor's 500 index has declined roughly 2 percent. In the final minutes of trading on Thursday, shares hit $40.02, a climb of 37 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDC at https://www.zacks.com/ap/TDC