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Stock impact report

SeaChange vaults 25% after Q3 earnings top high estimates [Seeking Alpha]

SeaChange International, Inc. (SEAC) 
Last seachange international, inc. earnings: 4/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.schange.com
Company Research Source: Seeking Alpha
SeaChange vaults 25% after Q3 earnings top high estimatesSeaChange International (NASDAQ:SEAC) isup 24.8% and already surpassed 10 times normal daily volume after it topped high estimates with itsQ3 results.The company swung to a income from operations of $0.9M on a GAAP basis from a year-ago loss from operations of $8.4M.Non-GAAP operating income was $0.5M vs. a year-ago loss of $18.7M.“We are very pleased with our progress this past quarter, where growth from existing and new customers for IP video and cloud-based deployments translated into higher revenue and enabled us to achieve non-GAAP operating income," said CEO Ed Terino.Revenue breakout: Products, $11.1M (up 197%); Services, $12.3M (down 24%).It's expected Q4 revenue of $20M-$24M (vs. consensus for $22.3M) and non-GAAP operating income of $0.02-$0.10/share. For fiscal 2018, it's boosting expectations for revenue to $77M-$81M (vs. $80.3M consensus) and non-GAAP operating income of $0.04-$0.12/share.Press releaseSee all stocks Show less Read more
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