AP NEWS

Avid: 3Q Earnings Snapshot

November 8, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVID at https://www.zacks.com/ap/AVID

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