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SeaChange slips on first-quarter forecast

The Acton firm makes multiscreen video software.

istockphoto.com

The Acton firm makes multiscreen video software.

SeaChange International Inc. fell after it predicted operating earnings per share of 1 to 4 cents for the quarter ending April 30, below analysts’ estimates. The Acton-based maker of multiscreen video software said revenue for its first quarter of fiscal 2014 is expected to be $34 million to $36 million. Analysts forecast earnings of 11 cents on revenue of about $40 million. However, CEO Raghu Rau said he expects revenues “in the second half of the year to be significantly higher than the first half.”

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