Benzinga | Aug 3, 2020 04:24PM EDT

Avid Technology Q2 EPS $0.12 Up From $0.02 YoY, Sales $79.28M Beat $77.41M Estimate

Avid Technology (NASDAQ:AVID) reported quarterly earnings of $0.12 per share. This is a 500 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $79.28 million which beat the analyst consensus estimate of $77.41 million by 2.42 percent. This is a 19.68 percent decrease over sales of $98.70 million the same period last year.