SEAC - SeaChange International

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Apr 9, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,511
    Likes Received:
    3,312
    SeaChange International (SEAC) is a multinational company headquartered in Acton, Massachusetts that provides multi-screen video products and services that facilitate the aggregation, licensing, management, and distribution of video programs and television advertisements to cable system operators, telecommunications companies, mobile communications providers and media companies worldwide.
     
  2. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,511
    Likes Received:
    3,312
    SeaChange stock plummets after contentious earnings call, CEO change

    Shares of Acton video software firm SeaChange International sunk more than 30 percent Friday morning after a contentious earnings call with analysts about the company's performance.

    SeaChange (SEAC) announced Thursday that CEO Jay Samit has been terminated "without cause," while the company's 2016 earnings report showed a $48 million loss. Chief operating officer and executive vice president Edward Terino was appointed CEO effective this week.


    Read full article here: http://www.bizjournals.com/boston/b...ors-punishseachange-stock-plummets-after.html
     
  3. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,511
    Likes Received:
    3,312
    Reported after close today (6/7/16)
    Earnings: EPS -$0.20 Revenue $21.6M
    Estimates: EPS -$0.20 Revenue $20.71M

    No change after hours
     

Share This Page