SAN DIEGO (AP) _ Teradata Corp. (TDC) on Thursday reported a loss of $10 million in its first quarter.
The San Diego-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 22 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The data management company posted revenue of $468 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $487 million.
For the current quarter ending in July, Teradata expects its per-share earnings to range from 28 cents to 30 cents.
The company expects full-year earnings in the range of $1.45 to $1.55 per share.
Teradata shares have risen 14% since the beginning of the year, while the Standard & Poor's 500 index has increased 16%. In the final minutes of trading on Thursday, shares hit $43.70, an increase of 7% 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