SeaChange International (SEAC) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

SeaChange International (NASDAQ:SEAC) released its quarterly earnings results on Wednesday. The software maker reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.08, Bloomberg Earnings reports. The company had revenue of $23.43 million for the quarter, compared to analyst estimates of $19.50 million. SeaChange International had a negative net margin of 54.54% and a negative return on equity of 15.80%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.13) earnings per share. SeaChange International updated its Q4 guidance to $0.02-0.10 EPS.

Shares of SeaChange International (NASDAQ SEAC) opened at $2.80 on Thursday. SeaChange International has a 52-week low of $2.16 and a 52-week high of $2.99.

Separately, Zacks Investment Research upgraded shares of SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Wednesday, September 13th.

An institutional investor recently raised its position in SeaChange International stock. Northern Trust Corp grew its stake in SeaChange International (NASDAQ:SEAC) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,357 shares of the software maker’s stock after purchasing an additional 4,702 shares during the quarter. Northern Trust Corp owned approximately 0.25% of SeaChange International worth $232,000 as of its most recent SEC filing. Institutional investors own 73.53% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “SeaChange International (SEAC) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS” was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/3078179/seachange-international-seac-posts-earnings-results-beats-estimates-by-0-10-eps.html.

SeaChange International Company Profile

SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.

Earnings History for SeaChange International (NASDAQ:SEAC)

Receive News & Ratings for SeaChange International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaChange International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.