Avid Technology, Inc. (NASDAQ:AVID) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, AVID is expected to report 2Q20 loss of $ 0.02 per share from revenue of $ 77.41 million.
For the full year, analysts anticipate top line of $ 358.58 million, while looking forward to income of $ 0.33 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 417.00 million ~ $ 437.00 million, where as bottomline are predicted in a range of $ 0.84 ~ $ 0.93 per share
Click Here For More Historical Outlooks Of Avid Technology, Inc.
Previous Quarter Performance
Avid Technology, Inc. announced loss for the first quarter of $ 0.08 per share, from the revenue of $ 86.45 million. The quarterly earnings while revenues shrunk 16.33 percent compared with the same quarter last year.
Street analysts expected Avid Technology, Inc. to report loss of $ 0.01 per share on revenue of $ 92.52 million for the first quarter. The bottom line results missed street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 6.07 million or 6.56 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Avid Technology, Inc.
Stock Performance
According to the previous trading day, closing price of AVID was $ 8.23, representing a 76.23 % increase from the 52 week low of $ 4.67 and a 18.03 % decrease over the 52 week high of $ 10.04.
The company has a market capital of $ 359.63 million and is part of the Technology sector and Electronic Gaming & Multimedia industry.
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Conference Call
Avid Technology, Inc. will be hosting a conference call at 5:30 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.avid.com
Avid Technology, Inc. develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The companys video products and solutions include the Media Composer, which is used to edit video content, such as television programming, commercials, and films; Avid NEXIS shared storage systems; and Maestro product line solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows.
