Recap: Avid Technology Q1 Earnings


Avid Technology 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.


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.

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Posted In: EarningsBZI-Recaps
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