Avid® AVID today announced that it is postponing its fourth quarter
2012 earnings release and investor conference call, previously scheduled for
Tuesday, February 26, 2013 to provide additional time for the Company to
evaluate its current and historical accounting treatment related to bug fixes,
upgrades and enhancements to certain products which the Company has provided
to certain customers. The need to evaluate the accounting treatment arose
during the Company's normal review of its financial results for the fourth
quarter and full year 2012. The Company is working diligently to complete its
evaluation, but is currently unable to estimate when the evaluation will be
completed.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in