Avaya Holdings Corp AVYA:NYSE

Last Price$13.88Cboe Real-Time Last Sale as of 12:14PM ET 1/21/20
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Today's Change+0.91(7.02%)
Bid (Size)$13.88 (1,002)
Ask (Size)$13.89 (900)
Day Low / High$13.49 - 13.97
Volume3.6 M

Avaya Shares Down 13% on Deeper Fiscal Q2 Loss, Missed Non-GAAP Revenue Estimates

1:42PM ET 5/09/2019 MT Newswires
Avaya Holdings (AVYA) shares were down 13% on Thursday afternoon after the company reported earnings and revenue that missed expectations.

The company said that its fiscal Q2 net loss was $13 million, or $0.12 loss per share, missing consensus for a loss of $0.05 a share. The net loss last year was $130 million, or $1.18 a share.

The company's non-GAAP revenue also declined year-over-year to $714 million from $757 million, falling short of estimates of $748.5 million.

For fiscal Q3, Avaya expects non-GAAP revenue between $710 million and $725 million, lower than consensus estimates of $772 million. For the full fiscal year, the company expects non-GAAP revenue of $2.925 billion to $2.975 billion, also lower than consensus estimates of $3.07 billion.

Price: 15.88, Change: -2.49, Percent Change: -13.53