Benzinga | May 5, 2021 04:24PM EDT

Avid Technology Q1 EPS $0.28 Beats $0.21 Estimate, Sales $94.36M Beat $90.59M Estimate

Avid Technology (NASDAQ:AVID) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.21 by 33.33 percent. This is a 450 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $94.36 million which beat the analyst consensus estimate of $90.59 million by 4.17 percent. This is a 9.15 percent increase over sales of $86.45 million the same period last year.