UPDATE: Teradata Shares Gain On Upbeat Q3 Earnings

Shares of Teradata

rose more than 3% after the company reported upbeat earnings for the third quarter. The Dayton, Ohio-based company posted a quarterly profit of $94 million, or $0.60 per share, compared to $98 million, or $0.59 per share, in the year-ago period. Excluding items, the company's adjusted earnings came in at $0.71 per share. Its revenue rose to $667 million from $666 million in the period. However, analysts were estimating earnings of $0.66 per share on revenue of $667.6 million. Gross margin, as reported under GAAP, narrowed to 52.5% from 53.8%. Operating income fell to $123 million from $132 million. During the quarter, the company generated $102 million of cash from operating activities, a 59% gain versus the year-ago period. The company ended the third quarter with $848 million in cash. During the third quarter it purchased approximately 2.4 million shares of its stock worth around $102 million. "We continue to experience excellent revenue growth with our Big Data analytics solutions which include Aster, Big Data appliances, Hadoop and related software tools and services," said Mike Koehler, president and chief executive officer, Teradata Corporation. For the full year, Teradata projected earnings of $2.85 to $3 per share. Teradata shares climbed 3.68% to $42.57 at 10:45 a.m. ET.