Teradata Shares Soared: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Teradata (NYS: TDC) have soared today by upwards of 12% after the company reported fourth-quarter and full-year earnings results.
So what: Fourth-quarter revenue added up to $673 million, leaving the $638.1 million consensus estimate in the dust and analysts scratching their heads. Bottom-line earnings per share also registered a beat at $0.66 compared with the $0.62 expectation.
Now what: Teradata has also authorized a new $300 million share repurchase program. CEO Mike Koehler said, "Teradata finished the year strong, resulting in our best quarter and best year ever." Looking forward, the company expects full year earnings per share of between $2.56 and $2.66. With figures like these, it's no wonder this stock is an official Fool recommendation.
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At the time this article was published Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Teradata. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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