U.S. Markets closed

Teradata: 4Q Earnings Snapshot

SAN DIEGO (AP) -- Teradata Corp. (TDC) on Thursday reported fourth-quarter net income of $15 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Diego-based company said it had profit of 13 cents. Earnings, adjusted for one-time gains and costs, came to 49 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The data management company posted revenue of $588 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $566.2 million.

For the year, the company reported net income of $30 million, or 25 cents per share, swinging to a profit in the period. Revenue was nearly unchanged at $2.16 billion.

For the current quarter ending in April, Teradata expects its per-share earnings to range from 18 cents to 20 cents.

The company said it expects revenue in the range of $332 million to $335 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $503.6 million.

Teradata expects full-year earnings in the range of $1.45 to $1.55 per share.

Teradata shares have climbed 20 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 8 percent. In the final minutes of trading on Thursday, shares hit $46, an increase of 15 percent in the last 12 months.


Elements of this story were 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


This story has been updated to correct that the company is based in San Diego, not Dayton, Ohio.