Stock Alert: Teradata Jumps On Q2 Earnings, Outlook
Shares of cloud analytics software provider Teradata Corporation (TDC) are climbing more than 17% Friday morning after reporting better-than-expected second-quarter results. The company also provided third-quarter earnings outlook, better than the Street’s view.
Second-quarter net income was $26 million, or $0.24 per share, compared with $34 million, or $0.29 per share a year ago. On average 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share for the quarter.
Revenue for the quarter was $457 million vs. $478 million last year.
For the third quarter, Teradata expects adjusted EPS to be in the range of $0.28 to $0.31. The consensus estimate is at $0.22.
TDC is currently trading at $24.45. It has been trading in the range of $17.62- $35.86 in the last one year.
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