Avid Technology (NASDAQ:AVID) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Avid Technology missed estimated earnings by 40.0%, reporting an EPS of $0.15 versus an estimate of $0.25.
Revenue was down $2.84 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 0.35% drop in the share price the next day.
Here’s a look at Avid Technology’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.48 | 0.31 | 0.26 | 0.34 |
| EPS Actual | 0.45 | 0.38 | 0.26 | 0.33 |
| Revenue Estimate | 115.02M | 105.46M | 96.62M | 103.05M |
| Revenue Actual | 116.10M | 102.98M | 97.68M | 100.65M |
To track all earnings releases for Avid Technology visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
