Thursday, September 8, 2011

SeaChange net income falls without tax benefit

Quick Read SeaChange's net income falls in 2Q without year-ago tax benefit; shares fall 7 percent

(AP) -- SeaChange International Inc. said Wednesday that it second quarter net income fell because of a tax benefit that inflated the prior-year numbers.

Its adjusted earnings fell short of Wall Street's expectations and the company's shares tumbled in extended trading.

The Acton, Mass.-based company, which makes technology for video delivery, said net income was $787,000, or 2 cents...

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