• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Teradata stock dips on soft Q4 outlook despite Q3 earnings beat

by November 4, 2024
written by November 4, 2024

SAN DIEGO – Teradata Corporation (NYSE:TDC) reported third-quarter earnings that surpassed analyst expectations, but its stock fell 2% in after-hours trading due to a weaker-than-anticipated fourth-quarter outlook.

The data analytics company posted adjusted earnings per share (EPS) of $0.69, beating the analyst consensus of $0.56 by $0.13. Revenue for the quarter came in at $440 million, surpassing the estimated $417.71 million. Compared to the same quarter last year, revenue remained flat as reported but increased 2% in constant currency.

Teradata’s public cloud annual recurring revenue (ARR) grew 26% YoY to $570 million, or 24% in constant currency. However, total ARR decreased 3% to $1.482 billion.

For the fourth quarter, Teradata expects adjusted EPS between $0.40 and $0.44, below the analyst consensus of $0.48. This softer outlook appears to be driving the stock’s decline despite the Q3 beat.

Steve McMillan, President and CEO of Teradata, commented on the results: “In the third quarter, we grew our cloud business, delivered innovations that strengthen our market position, and added new customers and partners. We are seeing customers increasingly leverage our hybrid capabilities as they transform and commit to Teradata for the long term.”

The company raised its full-year 2024 adjusted EPS guidance to a range of $2.30 to $2.34, up from the previous forecast and above the analyst consensus of $2.25.

Teradata also reported strong cash flow performance, with cash flow from operations up 88% YoY to $77 million and free cash flow increasing 92% YoY to $69 million.

The company reaffirmed its expectations for total ARR to be in the range of -2% to -4% YoY in constant currency for the full year 2024.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
next post
Dollar Tree CEO Rick Dreiling steps down

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Wall St muted with focus on more data, Fed commentary
    • Earnings call: JPMorgan reports $12.9 billion net income in Q3 2024

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy