Avid Technology (AVID) Misses Q4 EPS by 2c, Offers Guidance

Avid Technology (NASDAQ: AVID) reported Q4 EPS of $0.28, $0.02 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $116.3 million versus the consensus estimate of $111.85 million.

GUIDANCE:

Avid Technology sees Q1 2020 revenue of $95-105 million, versus the consensus of $104.1 million.

Avid Technology sees FY2020 EPS of $0.84-$0.93, versus the consensus of $0.77. Avid Technology sees FY2020 revenue of $417-437 million, versus the consensus of $420 million.

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

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