Avid Technology Inc. (AVID) reported that its fourth-quarter net loss narrowed to $17.921 million or $0.48 per share from $100.253 million or $2.71 per share a year ago.
Non-GAAP net loss narrowed to $1.373 million or $0.04 per share from $9.274 million or $0.25 per share last year.
On average, 5 analysts polled by Thomson Reuters expected the company to report profit of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Total net revenues decreased to $174.679 million from $206.706 million prior year. Analysts expected revenue of $162.28 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.