Stock Update: Avid Technologies Inc, BlueLinx Hold
February 25, 2014, 01:40 PM
http://www.nismagazine.com/stock-update-avid-techn...
The company’s quarterly net profits were significantly (130.3%) lower than last year’s same quarter (YoY basis). It also underperformed against the S&PO 500 and industry specific average net incomes. Operating cash flows were down by 116.6% YoY while revenues growth declined by 22.8% . Quarterly EPS also declined against last year’s comparable quarter for trailing twelve months the stock made a loss of 1.82 per share.
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