Avid Technology (NASDAQ:AVID) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Avid Technology missed estimated earnings by 2.94%, reporting an EPS of $0.33 versus an estimate of $0.34.
Revenue was up $6.29 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 11.17% increase in the share price the next day.
Here's a look at Avid Technology's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.42 | 0.25 | 0.23 | 0.21 |
| EPS Actual | 0.46 | 0.27 | 0.25 | 0.28 |
| Revenue Estimate | 111.18M | 96.69M | 91.54M | 90.59M |
| Revenue Actual | 119.06M | 101.64M | 94.88M | 94.36M |
To track all earnings releases for Avid Technology visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
