3 Things Teradata Corp.'s Management Wants You to Know
Data analytics specialist Teradata (NYSE: TDC) reported second-quarter results early Thursday morning. Adjusted earnings came in 69% below the year-ago period's results at $0.22 per diluted share, and top-line sales fell 14% to land at $513 million. Both of these figures were at or below the low end of Teradata's guidance for the quarter, and they also fell short of Wall Street's expectations.
That might sound like a recipe for hurting Teradata investors right in the pocketbook, but that's not what happened at all. Instead, share prices raced as much as 11.6% higher on the news, swinging very close to the stock's 52-week highs.
Crazy, I know -- stocks are not supposed to soar when the company misses its earnings targets. But this move actually makes sense. These three key details from Teradata's earnings report and conference call will show you how and why.
Source: Fool.com
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