SeaChange International Q1 Adj EPS $(0.12) Beats $(0.60) Estimate, Sales $6.99M Miss $7.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
SeaChange International reported Q1 adjusted EPS of $(0.12), beating the $(0.60) estimate by 80%. However, sales of $6.99M missed the $7.60M estimate by 8%. Sales increased by 4.36% compared to the same period last year.
June 12, 2023 | 8:48 pm
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SeaChange International's Q1 adjusted EPS beat estimates by 80%, but sales missed estimates by 8%. Sales increased by 4.36% YoY.
SeaChange International's Q1 adjusted EPS beat estimates, which is a positive sign for the company. However, the missed sales estimate may offset the positive impact of the EPS beat. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100