Avid Technology (AVID) Tops Q3 EPS by 6c; Guides Lower

Avid Technology (NASDAQ: AVID) reported Q3 EPS of $0.38, $0.06 better than the analyst estimate of $0.32. Revenue for the quarter came in at $102.99 million versus the consensus estimate of $106.12 million.

GUIDANCE:

Avid Technology sees FY2022 EPS of $1.40-$1.50, versus the consensus of $1.44. Avid Technology sees FY2022 revenue of $412-424 million, versus the consensus of $434.27 million.

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

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