Teradata Posts Profit In Q2; Adj. EPS Tops View; Backs FY Outlook

(RTTNews) - Teradata Corp. (TDC), a provider of analytic data platforms, reported Tuesday that its second-quarter net income was $64 million or $0.49 per share, compared to net loss of $265 million, or $1.87 per share, in the second quarter of 2015.

Adjusted net income was $94 million or $0.71 per share, compared to $76 million or $0.53 per share a year ago.

On average, 22 analysts polled by Thomson Reuters expected earnings of $0.60 per share. Analysts' estimates typically exclude special items.

Revenues were $599 million, down 4 percent from $623 million last year. Analysts were looking for revenues of $559.23 million.

Looking ahead, for fiscal 2016, earnings per share guidance is now $0.89 to $1.04 on a reported basis, compared to previous estimate of $0.97 to $1.12.

Teradata's expectations for adjusted earnings per share remain in the $2.35 to $2.50 range.

Revenue for 2016 continues to be expected in the $2.320 billion to $2.390 billion range. Excluding the Marketing Applications business, revenue for 2016 continues to be expected in the $2.250 billion to $2.320 billion range.

Analysts expect earnings of $2.41 per share on revenues of $2.29 billion.