SeaChange expects 2009 revenue to climb 10 percent

By Associated Press
September 4, 2008 | Comments (0)

Recs

0

Special Offer!

Jan 12, Motley Fool Pro will accept new members for 10 days only. Your spot is reserved! To learn more, click below.

Motley Fool Pro

SeaChange International Inc. said it expects to be profitable in the second half of its fiscal 2009 year and predicts revenue for the year will be about 10 percent above fiscal 2008 levels.

SeaChange International late Thursday reported earnings of $1.5 million, or 5 cents per share, for its fiscal 2009 second quarter, ended July 31. That compares with a loss of $7.9 million, or 27 cents per share, a year earlier. The year-ago numbers include charges of $6 million, or 20 cents per share.

SeaChange's revenue totaled $50.7 million for the latest quarter, up from $44.2 million a year earlier.

Wall Street on average had expected the company to report earnings of 3 cents a share on $47.6 million in revenue for the latest quarter.

The Acton, Mass., company makes software and hardware for video-on-demand television services.

SeaChange's shares fell 47 cents, or 5.4 percent, to $8.32 Thursday.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 721068, ~/articles/articlehandler.aspx, 1/7/2009 10:06:34 PM

Sign up for FREE Motley Fool site access to keep reading:

“SeaChange expects 2009 revenue to climb 10 percent”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.