Investing.com - SeaChange reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SeaChange announced earnings per share of $0.00 on revenue of $7.32M. Analysts polled by Investing.com anticipated EPS of $-0.04 on revenue of $7.64M.
SeaChange shares are down 70% from the beginning of the year, still down 86.05% from its 52 week high of $3.44 set on December 22, 2021.
SeaChange follows other major Information Technology sector earnings this month
SeaChange's report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on September 1 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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