Avaya Holdings Corp. shares jumped 6% in premarket trades on Monday after the company’s better-than-expected fourth-quarter results. The company’s net income fell to $6 million, or 6 cents a share, from $37 million, or 39 cents a share, in the year-ago period. Adjusted net income fell to 77 cents a share from 93 cents a share. Revenue increased to $760 million from $755 million in the year-ago quarter. Analysts expected the company to earn 72 cents a share on revenue of $738.7 million, according to a FactSet survey. Looking ahead, Avaya expects first-quarter adjusted profit of 63 cents to 75 cents a share and revenue of $725 million to $745 million, compared to the analyst target of 79 cents a share and revenue of $746.8 million.
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