Teradata: 2Q Earnings Snapshot
Aug. 02, 2018
DAYTON, Ohio (AP) _ Teradata Corp. (TDC) on Thursday reported second-quarter net income of $4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dayton, Ohio-based company said it had net income of 3 cents. Earnings, adjusted for stock option expense and amortization costs, came to 26 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The data management company posted revenue of $544 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $524 million.
For the current quarter ending in October, Teradata expects its per-share earnings to range from 30 cents to 32 cents.
The company said it expects revenue in the range of $530 million to $540 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $534.1 million.
Teradata expects full-year earnings in the range of $1.20 to $1.24 per share, with revenue ranging from $2.13 billion to $2.15 billion.
Teradata shares have increased 0.5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 6 percent. In the final minutes of trading on Thursday, shares hit $38.66, a rise of 20 percent in the last 12 months.