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25 October 2010 ,
Written by Dhruv Tanwar
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Avid has reported revenues of $165.1 million for third quarter ended September 30, 2010, as compared to $152.1 million for the same period in 2009. Net loss for the third quarter was $10 million, or $0.26 per share, as against a net loss of $17.2 million, or $0.46 per share, in the third quarter of 2009. Operating loss for the quarter was $7.1 million.
Revenues for the nine-month period ended September 30, 2010 were $483.2 million, against $454.3 million during the same period in 2009. Net loss for the nine-month period of 2010 was $36.4 million, or $0.96 per share. |