Avid Technology (AVID) Misses Q3 EPS by 19c; Guides Below
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Financial Fact:
Amortization of intangible assets: 567K
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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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