NEW YORK (TheStreet) -- Shares of SeaChange International (SEAC) are lower by -5.41% to $8.80 following the company's 2015 first quarter financial results, which showed revenue and earnings came in below analysts' expectations.
The multi-screen video delivery company posted a quarterly EPS loss of -22 cents per share, missing the consensus estimate of -2 cents per share.
During the same period last year the company reported an EPS gain of 4 cents per share.
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Revenue for the most recent quarter was $24.3 million versus $35.6 million from the 2014 first quarter.
The consensus estimate for 2015 first quarter revenue was $30.87 million.
Separately, TheStreet Ratings team rates SEACHANGE INTERNATIONAL INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SEACHANGE INTERNATIONAL INC (SEAC) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself."