SeaChange International falls after quarterly revenue decline

Tiber Ventures

11/06/2021 14:17

** Video delivery platform's shares  SEAC.O  fall 10.6% to
$1.10 premarket
    ** Company on Thursday posted Q1 revenue of $5.1 mln, down
~27%  urn:newsml:reuters.com:*:nGNX8GsGT2
    ** Q1 loss narrowed to $0.10/shr from $0.17/shr
    ** SEAC shares rose 6.03% in the last month vs 0.18% gain in
the Dow Jones Industrial Average index  .DJI  and 0.83% gain in
the S&P 500 index  .SPX 
    ** Up to Thursday's close, stock down 12.1% this year

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com))