Avid Technology AVID reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Avid Technology beat estimated earnings by 9.52%, reporting an EPS of $0.46 versus an estimate of $0.42.
Revenue was up $14.76 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 18.28% increase in the share price the next day.
Here's a look at Avid Technology's past performance:
|Quarter||Q3 2021||Q2 2021||Q1 2021||Q4 2020|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Avid Technology management provided guidance for their next quarter, expecting earnings between $0.3 and $0.38 per share for the next quarter.
This represents a -26.09% in quarter-over-quarter growth for Avid Technology, a bearish signal to many investors.
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