Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

SeaChange vaults 25% after Q3 earnings top high estimates

Published 12/07/2017, 10:39 AM
© Reuters. SeaChange vaults 25% after Q3 earnings top high estimates
SEAC
-
  • SeaChange International (NASDAQ:SEAC) is up 24.8% and already surpassed 10 times normal daily volume after it topped high estimates with its Q3 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 release
  • Now read: Amtech Systems +2% after Q4 beats, upside guidance


Original article

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.