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Teradata Corporation Shares Tumble on Q3 Results Estimates

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.


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