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Why Teradata Plunged Today

TheMotleyFool

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Shares of hybrid cloud data manager Teradata (NYSE: TDC) fell 13.3% on Tuesday, as of 1:25 p.m. ET.

The software company fell following its third-quarter earnings report. While beating analyst expectations for both revenue and adjusted earnings per share (EPS), management issued guidance that was somewhat conservative on the growth of its cloud business.

For the third quarter, Teradata saw revenue of $440 million, which was essentially flat from the $438 million it made in the year-ago quarter. Adjusted (non-GAAP) EPS came in at $0.69, which did beat analyst estimates for $0.53.

Source Fool.com