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Avid Technology Q1 EPS $(0.080) Misses $(0.010) Estimate, Sales $86.500M Miss $92.520M Estimate

Avid Technology (NASDAQ:AVID) reported quarterly losses of $(0.080) per share which missed the analyst consensus estimate of $(0.010) by 700 percent. This is a 172.73 percent decrease over earnings of $0.110 per share

Benzinga · 05/07/2020 21:07

Avid Technology (NASDAQ:AVID) reported quarterly losses of $(0.080) per share which missed the analyst consensus estimate of $(0.010) by 700 percent. This is a 172.73 percent decrease over earnings of $0.110 per share from the same period last year. The company reported quarterly sales of $86.500 million which missed the analyst consensus estimate of $92.520 million by 6.51 percent. This is a 16.28 percent decrease over sales of $103.319 million the same period last year.