Avid Technology Q3 EPS $0.10 Beats $0.09 Estimate, Sales $93.461M Miss $96.34M Estimate

Avid Technology (NASDAQ:AVID) reported quarterly earnings of $0.1 per share which beat the analyst consensus estimate of $0.09 by 11.11 percent. This is a 400 percent increase over earnings of $0.02 per share from the

Benzinga · 11/07/2019 22:01

Avid Technology (NASDAQ:AVID) reported quarterly earnings of $0.1 per share which beat the analyst consensus estimate of $0.09 by 11.11 percent. This is a 400 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $93.461 million which missed the analyst consensus estimate of $96.34 million by 2.99 percent. This is a 10.17 percent decrease over sales of $104.046 million the same period last year.