Teradata 2nd-quarter profit drops 11 percent, beats forecast

MarketsAssociated Press

Teradata Corp. (TDC) on Thursday reported earnings that decreased by 11 percent in its second quarter, and beat analysts' expectations.

The Dayton, Ohio-based company said profit dropped to $96 million, or 60 cents per share, from $108 million, or 65 cents per share, in the same quarter a year earlier.

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Earnings, adjusted for stock option expense and amortization costs, were 72 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The company reported revenue of $676 million compared with $670 million in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $654.7 million, according to Zacks.

Teradata shares have declined $2.44, or slightly more than 5 percent, to $43.05 since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 4 percent. The stock has dropped $20.32, or 32 percent, in the last 12 months.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full TDC report: http://www.zacks.com/ap/TDC

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Keywords:Teradata,Earnings Report