(RTTNews) -  Avid Technology Inc. (AVID: News ) posted a third quarter GAAP loss of $17.2 million or $0.46 per share, compared to a loss of $66.4 million or $1.80 per share in the prior year period. Excluding certain items, non-GAAP net loss fir the period was $215 thousand or $0.01 per share.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share. Analysts' estimates typically exclude special items.
Revenues for the period were $152.1 million, compared to $217.1 million in the same period a year-ago. Four Wall Street analysts expected revenues of $165.57 million.

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by RTT Staff Writer

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