Brief: Avid Technology Reports Q1 Non-GAAP Earnings Per Share $0.11

Avid Technology

06/05/2019 22:42

May 6 (Reuters) - Avid Technology Inc  AVID.O :
    * AVID TECHNOLOGY ANNOUNCES Q1 2019 RESULTS
    * Q1 NON-GAAP EARNINGS PER SHARE $0.11
    * Q1 GAAP LOSS PER SHARE $0.01
    * Q1 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES
DATA
    * ALSO REAFFIRMING ITS GUIDANCE FOR REVENUE, ADJUSTED EBITDA
AND
FREE CASH FLOW FOR FULL-YEAR 2019
    * QTRLY REVENUE $103.3 MILLION VERSUS $97.9 MILLION
    * SEES Q2 2019 REVENUE $97.0 MILLION - $105.0 MILLION
    * Q1 REVENUE VIEW $100.8 MILLION -- REFINITIV IBES DATA
    * ANNUAL CONTRACT VALUE WAS $237 MILLION AT END OF Q1 2019,
UP
FROM $222 MILLION AT END OF Q1 2018

Source text for Eikon:  ID:nGNX3v1Ncp 
Further company coverage:  AVID.O 

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