Benzinga | Oct 28, 2020 04:46PM EDT

Avid Technology Q3 EPS $0.27 Beats $0.13 Estimate, Sales $90.43M Beat $83.64M Estimate

Avid Technology (NASDAQ:AVID) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $0.13 by 107.69 percent. This is a 170 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $90.43 million which beat the analyst consensus estimate of $83.64 million by 8.12 percent. This is a 3.24 percent decrease over sales of $93.46 million the same period last year.