Teradata late Monday said it expects revenue for the quarter that ended Sept. 30 to be approximately $665 million, up 4 percent compared to the same time last year. Third-quarter earnings per share will be about 58 to 59 cents per share on a U.S. Generally Accepted Accounting Principles (GAAP) basis, and about 69 to 70 cents on a non-GAAP basis, the company said.
“As a result, Teradata is lowering its full-year guidance for 2013 to reflect the preliminary third quarter results and its current expectations for the fourth quarter,” the data analytics company said in a statement Monday.
The guidance was below analyst expectations.
International revenue in the third quarter declined about 2 percent, compared to the same period a year earlier when revenue grew 23 percent, Teradata said. Full-year 2013 revenue is now expected to be about the same as 2012 full-year revenue, the company said.
The company reports third quarter results Oct. 31.
One analyst has a “sell” rating on Teradata shares, while 12 put a “hold” rating and another 12 had a “buy” rating on the stock, according to reports.
Long-term, the stock and the company remain a healthy investment, at least one analyst told clients in a note Tuesday.
“While we were disappointed with results, we believe downside in the stock is limited and still feel that TDC is well-positioned for big-data related investments,” wrote J. Derrick Wood, an analyst for Susquehanna Financial Group.
“Big data” refers to harnessing large sets of information from various sources to help direct businesses.
A Teradata spokesman declined to comment.
The company has some 400 employees locally and more than 10,000 employees in 42 countries.
About the Author
