Brief: Avid Technology Posts Q1 Loss Per Share Of $0.14

Avid Technology

07/05/2020 22:47

May 7 (Reuters) - Avid Technology Inc  AVID.O :
    * AVID TECHNOLOGY ANNOUNCES Q1 2020 RESULTS
    * Q1 NON-GAAP LOSS PER SHARE $0.08
    * Q1 LOSS PER SHARE $0.14
    * Q1 REVENUE $86.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$92.5
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.01 -- REFINITIV IBES
DATA
    * QTRLY SUBSCRIPTION REVENUE GROWTH OF 50% YEAR-OVER-YEAR
    * CUSTOMER INTEREST IN CO'S CLOUD-BASED BUSINESS CONTINUITY,
SHARED STORAGE, REMOTE PRODUCTION SOLUTIONS INCREASED
SUBSTANTIALLY
    * AVID TECHNOLOGY - BENEFITTING FROM TREND OF LARGE AND
MEDIUM
SIZED MEDIA COMPANIES TO SUPPORT NEEDS FOR BUSINESS CONTINUITY
AND WORK-FROM-HOME

Source text for Eikon:  ID:nGNX37jDpL 
Further company coverage:  AVID.O 

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