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

Avid Technology

03/08/2021 23:58

* Avid Technology Inc  AVID.OQ  reported quarterly adjusted
earnings of 25 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 23 cents per share.
* Revenue rose 19.7% to $94.88 million from a year ago; 
analysts expected $91.54 million. 
* Avid Technology Inc's reported EPS for the quarter was 15
cents​.
* The mean earnings estimate of analysts had risen by
about 14.2% 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 2.6% this quarter and
gained 140.3% so far this year.
* The company reported quarterly net income of $7.01 million.
* Wall Street's median 12-month price target for Avid Technology
Inc is $42.50 
* 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 August 3 at 10:58 p.m.  ​All
figures in US dollars unless otherwise stated