Avid Technology Inc. (AVID) announced after the bell Wednesday that it expects revenues for the first quarter to be approximately $152 million. The consensus estimate is for revenues of $161.08 million. The company currently expects to report a non-GAAP operating loss of approximately $8 million. The stock is now down 1.78 on 10K shares.
Avid Technology gapped up slightly Wednesday, but traded in a narrow range for the majority of the session. The stock closed higher by 0.10 at $10.28.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.