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SeaChange: Fiscal 1Q Earnings Snapshot

June 7, 2019

ACTON, Mass. (AP) _ SeaChange International Inc. (SEAC) on Thursday reported a loss of $10.8 million in its fiscal first quarter.

On a per-share basis, the Acton, Massachusetts-based company said it had a loss of 30 cents. Losses, adjusted for one-time gains and costs, were 20 cents per share.

The video software company posted revenue of $8.5 million in the period.

SeaChange expects full-year earnings in the range of 3 cents to 19 cents per share, with revenue in the range of $70 million to $80 million.

The company’s shares closed at $1.25. A year ago, they were trading at $3.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEAC at https://www.zacks.com/ap/SEAC

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