Avid Technology: Falls after revenue miss, downbeat Q1 forecast

Avid Technology

09/03/2021 22:52

** Shares of media production software provider  AVID.O 
fall 9.4% to $18.50 in extended trading after co forecasts Q1
revenue to be largely below estimates 
    ** Co posts Q4 revenue of $104.3 mln missing estimates of
$105 mln  urn:newsml:reuters.com:*:nNDLTNKXF
    ** Stock up ~29% this year, up to Tuesday's close

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))