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Avid Technology Inc Q1 adjusted earnings Beat Estimates

Below are the earnings highlights for Avid Technology Inc (AVID):

-Earnings: -$0.21 million in Q1 vs. -$8.95 million in the same period last year.
-EPS: -$0.01 in Q1 vs. -$0.22 in the same period last year.
-Excluding items, Avid Technology Inc reported adjusted earnings of $4.51 million or $0.11 per share for the period.
-Analysts projected $0.04 per share
-Revenue: $103.32 million in Q1 vs. $97.94 million in the same period last year.

-Guidance:
Next quarter revenue guidance: $97.0 - $105.0 Mln
Full year revenue guidance: $420.0 - $430.0 Mln

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