Teradata Slips To Loss In Q2 - Quick Facts

(RTTNews) - Teradata Corp. (TDC) reported second-quarter net loss of $265 million or $1.87 per share from, compared to net income of $96 million or $0.60 in the in the prior-year quarter.

Adjusted net income for the latest second quarter was $76 million or $0.53 per share, compared to $114 million or $0.72 per share in the year-ago quarter. On average, 27 analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter declined 8 percent to $623 million from $676 million in the comparable quarter last year, while 25 analysts expected revenues of $651.29 million. Revenues were down 2 percent on a constant currency basis.

Looking ahead to fiscal 2015, the group now expects adjusted earnings to be in the approximate range of $2.20 to $2.50 per share and revenues to be down 3 to 6 percent, and to be up 0 to 3 percent in constant currency. Street is currently looking for full-year 2015 earnings of $2.44 per share.

Earlier, the company expected adjusted earnings to be at the low end of its initial guidance range of $2.50 to $2.70 per share and revenues to be flat to down 2 percent, and to be up 3 to 5 percent in constant currency.