SAN DIEGO (AP) _ Teradata Corp. (TDC) on Thursday reported a fourth-quarter loss of $23 million, after reporting a profit in the same period a year earlier.
The San Diego-based company said it had a loss of 21 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, came to 22 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The data management company posted revenue of $494 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $473.2 million.
For the year, the company reported a loss of $24 million, or 21 cents per share, swinging to a loss in the period. Revenue was reported as $1.9 billion.
For the current quarter ending in April, Teradata expects its per-share earnings to range from 22 cents to 24 cents.
The company expects full-year earnings in the range of $1.18 to $1.22 per share.
Teradata shares have dropped slightly more than 5% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 4%. In the final minutes of trading on Thursday, shares hit $25.35, a drop of 46% in the last 12 months.