SAN FRANCISCO (Thomson Financial) - SeaChange International Inc. late
Thursday said it swung to fourth-quarter net earnings of $14.6 million, or 48
cents a share, from a net loss of $3.69 million, or 13 cents a share, in the
year-ago quarter.
Net income for the quarter includes a $12.6 million gain on the sale of the
company's interest in FilmFlex Movies Limited, a U.K.-based joint venture.
The mean estimate of analysts polled by Thomson Financial was for a
per-share profit of 3 cents.
Revenue for the quarter ended Jan. 31 rose to $47.8 million from $40.1
million a year earlier, versus the mean Street view of $47 million.
Shares of the Acton, Mass.-based provider of digital video systems and
services closed the regular session up 26 cents, or 4.3%, at $6.31.
Brigid Gaffikin
bg/gm
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