Avid Technology (Nasdaq: AVID) reported earnings Monday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Avid Technology beat slightly on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP loss per share increased.

Gross margins shrank, operating margins expanded, and net margins shrank.

Revenue details
Avid Technology reported revenue of $157.4 million. The three analysts polled by S&P Capital IQ anticipated revenue of $155.6 million on the same basis. GAAP reported sales were 2.4% lower than the prior-year quarter's $161.3 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.11. The three earnings estimates compiled by S&P Capital IQ predicted -$0.07 per share. GAAP EPS were -$1.01 for Q2 compared to -$0.31 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 48.6%, 290 basis points worse than the prior-year quarter. Operating margin was -6.3%, 40 basis points better than the prior-year quarter. Net margin was -24.8%, 1,740 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $156.0 million. On the bottom line, the average EPS estimate is $0.11.

Next year's average estimate for revenue is $643.2 million. The average EPS estimate is $0.16.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 88 members rating the stock outperform and 45 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Avid Technology a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avid Technology is hold, with an average price target of $9.13.