Avaya Announces Certain Preliminary Third Quarter Fiscal 2022 Financial Results
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Avaya Holdings (AVYA) Plunges After CEO's Removal, Preliminary Results
July 29, 2022 3:28 PM EDTAvaya Holdings (NYSE: AVYA) shares plummeted 55.5% on Friday after the company posted preliminary third-quarter results and the removal of its CEO effective August 1.
The company said it expects revenue and adjusted EBITDA to be well below guidance. Revenue is forecast to be between $575 million and $580 million, compared to guidance of $685 million to $700 million, and they see adjusted EBITDA between $50 million and $55 million, compared to guidance of $140 million... More
