SeaChange International (SEAC) Updates FY15 Earnings Guidance
SeaChange International (NASDAQ:SEAC) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.12)-0.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23, ARN reports. The company issued revenue guidance of $125-135 million, compared to the consensus revenue estimate of $142.40 million.SeaChange International also updated its Q2 guidance to ($0.20)-(0.10) EPS.
Shares of SeaChange International (NASDAQ:SEAC) traded up 0.54% on Thursday, hitting $9.30. 248,747 shares of the company’s stock traded hands. SeaChange International has a 52 week low of $8.67 and a 52 week high of $15.25. The stock’s 50-day moving average is $9.40 and its 200-day moving average is $11.09. The company’s market cap is $305.9 million.
SeaChange International (NASDAQ:SEAC) last released its earnings data on Thursday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.20. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $30.87 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 31.7% on a year-over-year basis. Analysts expect that SeaChange International will post $0.35 EPS for the current fiscal year.
SeaChange International, Inc (NASDAQ:SEAC) is engaged in the delivery of multi-screen video.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.