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Teradata: 3Q Earnings Snapshot

DAYTON, Ohio (AP) _ Teradata Corp. (TDC) on Thursday reported third-quarter profit of $18 million.

On a per-share basis, the Dayton, Ohio-based company said it had net income of 15 cents. Earnings, adjusted for one-time gains and costs, were 36 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The data management company posted revenue of $526 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $535.2 million.

For the current quarter ending in December, Teradata expects its per-share earnings to range from 41 cents to 45 cents.

The company said it expects revenue in the range of $555 million to $575 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $557.4 million.

Teradata expects full-year earnings in the range of $1.22 to $1.26 per share, with revenue ranging from $2.13 billion to $2.15 billion.

Teradata shares have declined nearly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 2 percent. In the final minutes of trading on Thursday, shares hit $36.58, an increase of nearly 10 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