Teradata Corp. TDC shares soared in the extended session Wednesday after the cloud-based data analytics company said it expects its quarterly results to be much better than expected. Teradata shares jumped 29% after hours, following a 2.9% rise in the regular session to close at $39.88. The company expects to report adjusted earnings of 67 cents to 69 cents a share for the fiscal first quarter. Teradata said in a statement it expects revenue to be “comparable to the fourth quarter of fiscal 2020, rather than lower on a sequential basis but higher than the prior year period per the previous guidance.” The company had reported fourth-quarter revenue of $491 million. Analysts surveyed by FactSet had forecast 39 cents a share on revenue of $448.8 million, based on Teradata’s forecast of 38 cents to 40 cents a share. Teradata is scheduled to report earnings on May 6.
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