Avaya Appoints Alan Masarek as President and CEO
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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
Avaya Holdings (AVYA) Cuts Q3 Revenue Guidance (earlier)
July 29, 2022 7:22 AM EDTAvaya Holdings Corp. (NYSE: AVYA) today announced certain preliminary financial results for the third quarter ended June 30, 2022 and expects to release full results for the third quarter on August 9, 2022.
Based on the information currently available for the third quarter ended June 30, 2022, the company expects revenue to be between $575 million and $580 million, compared to guidance of $685 million to $700 million, and Adjusted EBITDA to be between $50 million and $55 million, compared to guidance of $140 million to $150 million.1 The company is also finalizing testing of its goodwill and intangible assets that is expected to result in significant non-cash... More
