Avid Technology Inc reports results for the quarter ended in December - Earnings Summary

Avid Technology

02/03/2022 07:04

* Avid Technology Inc  AVID.OQ  reported quarterly adjusted
earnings of 46 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for earnings of 42 cents per share.
    * Revenue rose 14.2% to $119.06 million from a year ago; 
analysts
expected $111.18 million. 
    * Avid Technology Inc's reported EPS for the quarter was 33
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Avid Technology Inc shares had fallen by 11.0% this
quarter.
    * The company reported quarterly net income of $15.22
million.
    * Wall Street's median 12-month price target for Avid
Technology
Inc is $45.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated March 2 at 07:04 a.m.  ​All
figures in US dollars unless otherwise stated