Avid Technology (AVID -13.8%) makes a new multi-year low after its Q3 report demonstrates...

|About: Avid Technology, Inc. (AVID)|By:, SA News Editor

Avid Technology (AVID -13.8%) makes a new multi-year low after its Q3 report demonstrates cheaper solutions from Apple (AAPL) and Adobe (ADBE) continue hurting sales of its costly video-editing gear. Revenue of $165M (nearly flat Y/Y) missed consensus by $2M, while EPS of $0.01 missed by $0.07.