Avid Technology (AVID) shares are trading down sharply this morning on Street disappointment with the company’s Q1 results.
Avid, which makes editing equipment for the broadcasting industry, reported Q1 revenue of $155.9 million, which was actually slightly above the Street at $153.7 million; but the company lost 12 cents a share, [...]

Article courtesy of BARRONS.com: Tech Trader Daily