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
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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
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News
- SeaChange Announces a Second Amendment to Purchase Agreement with Partner One Along with Further Increased Purchase Price [Yahoo! Finance]Yahoo! Finance
- SeaChange Announces a Second Amendment to Purchase Agreement with Partner One Along with Further Increased Purchase PriceGlobeNewswire
- SeaChange International, Inc. (NASDAQ: SEAC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SeaChange Announces an Amended Purchase Agreement with Partner One Along with an Increased Purchase Price as Go-Shop Period Ends [Yahoo! Finance]Yahoo! Finance
- SeaChange Announces an Amended Purchase Agreement with Partner One Along with an Increased Purchase Price as Go-Shop Period EndsGlobeNewswire