logo
Share SHARE
FONT-SIZE Plus   Neg

Avid Technology Inc. (AVID) Is Heading Lower On Q1 Forecast

Avid Technology Inc. (AVID: Quote) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
RELATED NEWS
Trade AVID now with 
Follow RTT