Brief: Avid Technology Sees Q3 Revenue Between $92.5 Million To $94.5 Million

Avid Technology

31/10/2019 21:11

Oct 31 (Reuters) - Avid Technology Inc  AVID.O :
    * AVID TECHNOLOGY ANNOUNCES PRELIMINARY Q3 2019 RESULTS AND
REVISES FULL-YEAR 2019 GUIDANCE
    * SEES Q3 REVENUE $92.5 MILLION TO $94.5 MILLION
    * ON A GAAP BASIS, OPERATING INCOME FOR Q3 IS EXPECTED TO BE
BETWEEN $8.0 MILLION AND $9.0 MILLION
    * ON A NON-GAAP BASIS, ADJUSTED EBITDA FOR Q3 IS EXPECTED TO
BE
BETWEEN $12.0 MILLION AND $13.0 MILLION
    * CASH BALANCE AT SEPTEMBER 30, 2019 WAS $52.3 MILLION
    * SEES FY 2019 REVENUE $405 MILLION - $415 MILLION
    * REAFFIRMING ITS GUIDANCE FOR FREE CASH FLOW FOR FULL-YEAR
2019
    * SEES FY 2019 NON-GAAP NET INCOME PER SHARE $0.50 - $0.60
    * FY2019 EARNINGS PER SHARE VIEW $0.62, REVENUE VIEW $422.3
MILLION -- REFINITIV IBES DATA
    * Q3 REVENUE VIEW $103.3 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX3lSy3j 
Further company coverage:  AVID.O 

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