SeaChange International(NASDAQ:SEAC) stock rose by 3.67% on Tuesday after the company reported its Q2 earnings results on Monday, September 13, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
SeaChange International beat their estimated earnings by 66.67%, which surprised analysts.
Revenue was up $1,545,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, which was followed by a 7.32% drop in the share price the next day.
Here’s a look at SeaChange International’s past performance and the resulting price change:
Price Change %
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
SeaChange International earnings and revenue guidance hasn’t been issued for now.
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