Before the market opened on May 11, Avaya announced its second-quarter FY2020 results. At the time of writing, investors seem to have liked the numbers; the stock was up over 25%. Quarterly revenue was at $682 million, which handily beat Wall Streets’ expectations of $624 million, but it was still down 4.48% year over year (YoY). Earnings per share (EPS) was up over 800% at $0.88, which also beat the estimate of $0.53. The stock is now trading around $13 a share, well up from its low of $6.78, which was on March 30, 2020.
