Avid Technology (AVID) Posts Surprise Q2 Loss

July 21, 2011 4:22 PM EDT
Avid Technology, Inc. (Nasdaq: AVID) reported Q2 non-GAAP loss of ($0.10), $0.19 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $161.3 million versus the consensus estimate of $170.38 million.


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