Avid Technology: Q2 Earnings Insights

Avid Technology AVID reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Avid Technology reported in-line EPS of $0.26 versus an estimate of $0.26.

Revenue was up $2.80 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 21.08% drop in the share price the next day.

Here's a look at Avid Technology's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.34	0.42	0.25	0.23
EPS Actual	0.33	0.46	0.27	0.25
Revenue Estimate	103.05M	111.18M	96.69M	91.54M
Revenue Actual	100.65M	119.06M	101.64M	94.88M

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.