SeaChange International (SEAC) Updates Q2 Earnings Guidance
SeaChange International (NASDAQ:SEAC) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.20)-(0.10) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.06, American Banking and Market News reports. The company issued revenue guidance of $26-30 million, compared to the consensus revenue estimate of $34.00 million.SeaChange International also updated its FY15 guidance to ($0.12)-0.10 EPS.
Shares of SeaChange International (NASDAQ:SEAC) traded up 0.54% during mid-day trading on Thursday, hitting $9.30. The stock had a trading volume of 248,747 shares. SeaChange International has a 1-year low of $8.67 and a 1-year 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 for the quarter, missing the analysts’ 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 last year, the company posted $0.04 earnings per share. SeaChange International’s revenue was down 31.7% compared to the same quarter last year. 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.
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