Avid Technology (AVID) Misses Q3 EPS by 19c; Guides Below

Avid Technology (NASDAQ: AVID) is down 16.6% after-hours after the company reported Q3 EPS of $0.23, $0.19 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $119 million versus the consensus estimate of $130.62 million.

GUIDANCE:

Avid Technology sees FY2016 revenue of $105-120 million, versus the consensus of $139.4 million.

Avid Technology sees FY2016 revenue of $502-517 million, versus the consensus of $547.9 million.

For earnings history and earnings-related data on Avid Technology (AVID) click here.

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