Shares of Avaya Hldgs (NYSE:AVYA) rose 13% in pre-market trading after the company reported Q2 results.
Earnings per share were up 833.33% over the past year to $0.88, which beat the estimate of $0.53.
Revenue of $682,000,000 lower by 4.48% year over year, which beat the estimate of $624,200,000.
Earnings guidance hasn't been issued by the company for now.
Q3 revenue expected between $675,000,000 and $705,000,000.
Conference Call Details
Date: May 11, 2020
Time: 08:01 PM ET
Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.avaya.com%2Foverview%2Fdefault.aspx&eventid=2156677&sessionid=1&key=96CA6345CC7399B935585A871DD9569C®Tag=&sourcepage=register
Recent Stock Performance
Company's 52-week high was at $18.43
52-week low: $6.13
Price action over last quarter: down 9.16%
Avaya Holdings Corp provides digital communications products, solutions, and services for businesses. The company has two operating segments namely Products and Solutions, and Services. Products and Solutions offer Unified Communications and Contact Center platforms, applications and devices. It helps to offer an open, extensible development platform so that customers and third parties can easily create custom applications and automated workflows for their unique needs. Whereas Services consists of three business areas: Global Support Services, Enterprise Cloud and Managed Services and Professional Services. The company generates maximum revenue from the Services segment. Geographically, it derives a majority of revenue from the U.S.