Teradata Corp. (TDC) Thursday reported a decline in its third-quarter earnings to $94 million from $98 million last year. However, earnings per share rose to $0.60 from $0.59 a year ago on lower share count.
Excluding stock-based compensation expense and the other special items, earnings totaled $111 million or $0.71 per share. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.66 for the quarter. Analysts' estimates typically exclude special items.
Quarterly revenues rose to $667 million from $666 million last year, while analysts expected it to be $667.46 million.
Looking ahead, for fiscal 2014, the group still forecasts adjusted earnings per share to be at the lower end of the $2.85 - $3.00 range. The company continues to expect constant currency revenue growth to be at the low end of its original 3-7 percent guidance range. However, based on currency rates at the end of October 2014, currency translation is now expected to have a 1 percentage point headwind on Teradata's full-year revenue comparison. Analysts estimate earnings per share of $2.85 per share, on revenues of $2.77 billion.
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