RTTNews | Nov 22, 2021 12:00PM EST

11:59 Monday, November 22, 2021 (RTTNews.com) - North Carolina-based tech company Avaya Holdings Corp.'s (AVYA) stock is trading 22% higher on the Monday market after fourth-quarter earnings trumped Wall Street estimates. Avaya reported a net income of $6 million or $0.06 earnings per share, down from $37 million or $0.39 earnings per share in the same quarter last year. On an adjusted basis, the earnings were $74 million or $0.77 earnings per share, compared to $86 million or $0.93 earnings per share last term. On average, 9 analysts polled by Thomson Reuters expected the earnings to be $0.72. The stock is currently trading at $22.00, up $4.02 or 22.33% since the last close at $17.98. The shares opened at $19.60 in the morning and in the 52-week period, the stock has ranged between $16.50 and $34.06.

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