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Teradata Corporation Shares Tumble on Q3 Results Estimates

By Warren Paige

Shares of Teradata Corporation (NYSE: TDC) have plunged in trading today after investors were disappointed with the company’s third-quarter results estimates. TDC’s expectations for the quarter fell short of consensus forecast. TDC, which reports third-quarter results on October 31, said that it expects to post adjusted earnings of $0.69-$0.70 per share for the third quarter. Revenue for the quarter is estimated at about $665 million. Analysts were expecting Teradata to report earnings of $0.81 per share and revenue of $699 million for the third quarter. TDC shares were last trading 16.22% lower at $44.05 on above average volume of 14 million.

October 15th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.