Avid Technology, Inc. revised earnings guidance for the third quarter ended September 30, 2019 and full year ending December 31, 2019. For the third quarter, the company expected revenue to be between $92.5 million and $94.5 million, below the Company’s previous guidance of $101.0 million to $109.0 million, provided on August 5, 2019. On a GAAP basis, operating income for the third quarter is expected to be between $8.0 million and $9.0 million. For the full year of 2019, the company now expects to report its revenues to be in the range of $405 million to $415 million against $420 million to $430 million previous guidance for the same period.