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

Avid Technology

06/05/2021 01:32

* Avid Technology Inc  AVID.OQ  reported quarterly adjusted
earnings of 28 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 21 cents per share.
* Revenue rose 9.1% to $94.36 million from a year ago​; 
analysts expected $90.59 million.
* Avid Technology Inc's reported EPS for the quarter was 10
cents​.
* The mean earnings estimate of analysts had risen by about 2.5%
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 risen by 7.7% this quarter and
gained 43.2% so far this year.
* The company reported quarterly net income of $4.39 million.
* Wall Street's median 12-month price target for Avid Technology
Inc is $29.50 
* 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 May 6 at 12:32 a.m. GMT. ​All
figures in US Dollars.​