Avid: 2Q Earnings Snapshot
BURLINGTON, Mass. (AP) _ Avid Technology Inc. (AVID) on Thursday reported a loss of $8.5 million in its second quarter.
On a per-share basis, the Burlington, Massachusetts-based company said it had a loss of 20 cents. Losses, adjusted for non-recurring costs, were 12 cents per share.
The audio and video technology company posted revenue of $98.6 million in the period.
Avid shares have increased 3.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.58, a rise of 22 percent in the last 12 months.