Avid Posts USD17.4 Million Loss in Q3 2012

October 30, 2012, 08:12 AM

http://blog.devoncroft.com/2012/10/30/avid-posts-1...

Avid announced that its revenue for the third quarter of 2012 was USD127.2m, down 23% versus the same period a year ago, and down 19% versus the previous quarter. The GAAP net loss for the third quarter was USD17.4m, or USD0.45 per share, compared to a GAAP net loss of USD7.6m, or USD0.20 per share, last year, and a GAAP net loss of USD39.0m, or USD1.01 per share, last quarter.

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