Benzinga | Mar 9, 2021 04:14PM EST

Avid Technology Q4 EPS $0.33 Beats $0.32 Estimate, Sales $104.30M Miss $104.99M Estimate

Avid Technology (NASDAQ:AVID) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.32 by 3.13 percent. This is a 17.86 percent increase over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $104.30 million which missed the analyst consensus estimate of $104.99 million by 0.66 percent. This is a 10.32 percent decrease over sales of $116.31 million the same period last year.