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Why Teradata Stock Just Rocketed 24%

TheMotleyFool

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Teradata (NYSE: TDC) stock surged in morning trading today, up 24.2% as of 10:50 a.m. ET, after the data management specialist reported fourth-quarter 2021 earnings last night -- and beat analyst predictions with a stick.

Heading into last night's report, analysts had forecast that Teradata would earn an adjusted profit of $0.27 per share on sales of $478.6 million. In fact, the company earned more than twice the predicted profit -- $0.57 per share -- and needed sales of only $475 million to do it.

Image source: Getty Images.

Source Fool.com

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