Avid: 3Q Earnings Snapshot
BURLINGTON, Mass. (AP) _ Avid Technology Inc. (AVID) on Wednesday reported third-quarter net income of $878,000.
On a per-share basis, the Burlington, Massachusetts-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring costs, were 11 cents per share.
The audio and video technology company posted revenue of $104 million in the period.
Avid expects full-year revenue in the range of $410 million to $420 million.
Avid shares have risen 4 percent since the beginning of the year. The stock has risen 37 percent in the last 12 months.