Why Teradata Corp. Stock Is Soaring Today

Shares of Teradata (NYSE: TDC) are riding high on a fresh earnings report today. Stock prices topped out at a 14.4% gain near noon EDT.

The maker of data management and analysis tools saw third-quarter sales declining 13% year over year, landing at $526 million. Adjusted earnings fell from $0.69 to $0.29 per share. Both metrics topped Wall Street's consensus estimates, which pointed to earnings near $0.23 per share on sales in the neighborhood of $511 million.

Looking ahead, Teradata expects fourth-quarter revenue of roughly $610 million, down from $626 million in the year-ago period. Adjusted earnings should stop near $0.50 per share, down from $0.67 per share in the fourth quarter of 2016. Both of these targets run far ahead of the current Street view, which calls for fourth-quarter earnings of $0.53 per share on $591 million in top-line sales.

Source: Fool.com