RTTNews | Apr 22, 2021 10:06AM EDT

10:05 Thursday, April 22, 2021 (RTTNews.com) - Teradata Corp. (TDC) shares are gaining more than 33 percent on Thursday morning trade as the connected multi-cloud data platform reported first-quarter preliminary guidance, that exceeded analysts' estimates and its own guidance.

Currently, shares are trading at $53.20, up 33.40 percent from the previous close of $39.88 on a volume of 6,401,389. For the 52-week period, the shares have traded in a range of $17.99-$59.58 on average volume of 2,447,883.

For the first quarter, the company expects earnings in a range of $0.45-$0.47, which exceeded its February guidance of $0.11-$0.13. On an adjusted basis, first quarter earnings are expected to be in a range of $0.67-$0.69. In February, the company had expected earnings in a range of $0.38-$0.40.

On average, 11 analysts polled by Thomson Reuters expect the company to report earnings of $0.41.

Read the original article on RTTNews ( https://www.rttnews.com/3187378/stock-alert-teradata-up-33-on-q1-prelim-earnings-that-beat-estimates.aspx)

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