Avid Technology (AVID) Misses Q3 EPS by 19c; Guides Below

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.

You May Also Be Interested In

• Klarna shares tumble on weak full-year revenue guidance
• Klarna Group plc (KLAR) Tops Q2 EPS by 6c, Beats on Revenue; Offers FY26 Revenue Guidance
• Baidu slips as Q2 results miss estimates despite growth in AI cloud business