realfast95 Wednesday, 11/20/19 07:30:06 AM Re: None Post # of 33 The telecommunications-equipment maker reported a loss of $34 million, or 31 cents a share, compared with a profit $268 million, or $2.41 a share, a year ago. Analysts polled by FactSet were expecting a loss of six cents a share. Revenue fell to $723 million from $735 million a year earlier. Analysts had expected $747 million of revenue in the quarter. ================== comments: They changed accounting methods Mr. Chirico added, "Successfully concluding the strategic review process provided a decisive go forward path and, as a result, we announced three important initiatives to accelerate growth and deliver shareholder value. First, the partnership with RingCentral is a game changer for Avaya and is expected to fundamentally change the industry landscape. Second, we expect to begin to execute against our previously announced $500 million stock repurchase program shortly, and third, we have already completed the pay down of $250 million of debt that will result in significant annual interest expense savings and further enhance our balance sheet."