More on SeaChange International (SEAC): Q3 beats across the board, despite a dip in total sales Y/Y. Net profit rose a solid 42% as the video-gear maker's operating costs decreased and offset the weaker sales numbers. Operating expenses shrank 13% to $20M, on lower R&D, marketing, overhead costs and earn-outs. Gross margin narrowed however, to 49.7% from 56.6%. For FY13, the company ups guidance, now seeing earnings of $0.38 to $0.41 on revenue of $155M to $159M. The Street view is for an EPS of $0.34 on $156M in revenue. Shares +5.7% AH.
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