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Teradata: 3Q Earnings Snapshot

·1 min read

SAN DIEGO (AP) _ Teradata Corp. (TDC) on Thursday reported a third-quarter loss of $1 million, after reporting a profit in the same period a year earlier.

The San Diego-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.

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

The data management company posted revenue of $454 million in the period.

For the current quarter ending in December, Teradata expects its per-share earnings to range from 23 cents to 25 cents.

The company said it expects revenue in the range of $371 million to $373 million for the fiscal fourth quarter.

Teradata shares have declined 26% since the beginning of the year, while the Standard & Poor's 500 index has increased almost 9%. In the final minutes of trading on Thursday, shares hit $19.90, a decrease of 35% in the last 12 months.

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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