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Aug. 6, 2020, 6:00 p.m. EDT

Teradata shares climb 10% on strong earnings, guidance

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By Jon Swartz

Teradata Corp. /zigman2/quotes/200055247/composite TDC -1.59% shares were up 10% in after-hours trading Thursday after the hybrid-cloud company reported fiscal second-quarter earnings that topped Wall Street estimates and offered strong Q3 earnings guidance. Teradata reported a loss of $43 million, or 40 cents a share, compared with a loss of $1 million, or a penny a share, in the year-ago quarter. After adjusting for stock-based compensation and other expenses, Teradata reported net income of $26 million, or 24 cents a share, compared with net income of $34 million, or 29 cents a share, a year ago. Revenue declined 4% to $457 million from $478 million a year ago. Analysts surveyed by FactSet had expected net income of 22 cents a share. For the current quarter ending in October, Teradata expects per-share earnings of between 28 cents and 31 cents, above FactSet's estimate of 21 cents. Teradata shares are down 23% this year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.62% has improved 3.7% in 2020.

/zigman2/quotes/200055247/composite
US : U.S.: NYSE
$ 22.29
-0.36 -1.59%
Volume: 83,303
Sept. 21, 2020 10:00a
P/E Ratio
22.08
Dividend Yield
N/A
Market Cap
$2.47 billion
Rev. per Employee
$213,160
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/zigman2/quotes/210599714/realtime
US : S&P US
3,265.73
-53.74 -1.62%
Volume: 447.19M
Sept. 21, 2020 10:00a
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