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Nov. 22, 2021, 7:32 a.m. EST

Avaya shares rise in pre-market after Q4 results beat target

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By Steve Gelsi

AVYA

Avaya Holdings Corp. /zigman2/quotes/209008523/composite AVYA -2.82% shares jumped 6% in premarket trades on Monday after the company's better-than-expected fourth-quarter results. The company's net income fell to $6 million, or 6 cents a share, from $37 million, or 39 cents a share, in the year-ago period. Adjusted net income fell to 77 cents a share from 93 cents a share. Revenue increased to $760 million from $755 million in the year-ago quarter. Analysts expected the company to earn 72 cents a share on revenue of $738.7 million, according to a FactSet survey. Looking ahead, Avaya expects first-quarter adjusted profit of 63 cents to 75 cents a share and revenue of $725 million to $745 million, compared to the analyst target of 79 cents a share and revenue of $746.8 million.

/zigman2/quotes/209008523/composite
US : U.S.: NYSE
$ 17.59
-0.51 -2.82%
Volume: 733,231
Jan. 25, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.54 billion
Rev. per Employee
$368,721
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