Avid Technology (AVID) FY20 Guidance Tops Consensus
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Financial Fact:
Restructuring and other (recoveries) costs, net: 5.31M
Today's EPS Names:
CCEL, FNGR, FAST, More
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Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today issued full-year 2020 guidance during its 2019 Investor Day.
| ($ millions, except per share amounts) | Full-Year 2020 Guidance |
| Revenue | $417 - $437 |
| Subscription and Maintenance Revenue | $180 - $190 |
| Adjusted EBITDA | $66 - $74 |
| Free Cash Flow | $27 - $35 |
| Non-GAAP Net Income Per Share | $0.84 - $0.93 |
(Consensus sees FY20 EPS of $0.73 on revenue of $419.14 million)
All guidance presented by the Company is inherently uncertain and subject to numerous risks and uncertainties. Avid’s actual future results of operations could differ materially from those shown in the table above. For a discussion of some of the key assumptions underlying the guidance, as well as the key risks and uncertainties associated with these forward-looking statements, please see “Forward-Looking Statements” below.
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