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Why Avaya Stock Is Falling Today

TheMotleyFool

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Why Avaya Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Shares of Avaya Holdings (NYSE: AVYA), a cloud communications company, were tumbling this morning after the company reported worse-than-expected second-quarter results.

The tech stock had fallen by 15.7% as of 11:16 a.m. ET.

Avaya reported second-quarter non-GAAP (adjusted) earnings of $0.53 per share, which was down from $0.74 in the year-ago quarter and also below Wall Street's consensus estimate of $0.61 per share.

Source Fool.com

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