Avaya Holdings Corp (AVYA) |
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EARNINGS REPORT by CSIMarket
Earnings helped by tax benefit
A $20 million tax benefit, helped Avaya Holdings Corp to post $0.44 eps in the fourth quarter 2020 earnings season
![Mobilfunkantennenanlage_Niwre_at_the_German_language_Wikipedia__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common Mobilfunkantennenanlage_Niwre_at_the_German_language_Wikipedia__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common](../news/img/communication/Mobilfunkantennenanlage_Niwre_at_the_German_language_Wikipedia__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common.jpg) Avaya Holdings Corp announced earnings per share of $0.44 and Sales of $721 millions in the fourth quarter 2020 earnings season, Company's earnings turn positive per share, versus $-0.31 eps, earned in the same quarter a year ago, although Avaya Holdings Corp saw it's Sales rise by 4.43 % in the same period. In the previous quarter company realized Sales of $721 millions and bottom line of $0.08 per share. Company achieved net income of $37.000 millions in the fourth quarter 2020 earnings season an improvement versus a net loss of $ -34.000 millions in the same quarter a year ago. The company's bottom-line growth was helped by $20 million tax benefit, without it, the fourth quarter 2020 earnings season results would be much more moderate. Avaya Holdings Corp also emphasized it's improving profit margins, where net margin rose to 4.9% in fourth quarter 2020 earnings season, and operating margin edged up to 9.8%. Avaya Holdings Corp reported net loss of $ -680 millions and Sales of $ 2.87 billions in the fiscal year 2020. Company reported break-even compare to $-6.06 in the previous fiscal year, while Sales decreased by -0.48 % from $2.89 billions a year ago.
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