Avid Technology: Q2 Earnings Insights

Avid Technology: Q2 Earnings Insights

Avid Technology AVID reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Avid Technology reported in-line EPS of $0.26 versus an estimate of $0.26.

Revenue was up $2.80 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 21.08% drop in the share price the next day.

Here's a look at Avid Technology's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.34 0.42 0.25 0.23
EPS Actual 0.33 0.46 0.27 0.25
Revenue Estimate 103.05M 111.18M 96.69M 91.54M
Revenue Actual 100.65M 119.06M 101.64M 94.88M

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.

Posted In: BZI-RecapsEarnings