CommScope: Q3 Earnings Snapshot
HICKORY, N.C. (AP) — HICKORY, N.C. (AP) — CommScope Holding Co. (COMM) on Thursday reported a loss of $828.7 million in its third quarter.
HICKORY, N.C. (AP) — HICKORY, N.C. (AP) — CommScope Holding Co. (COMM) on Thursday reported a loss of $828.7 million in its third quarter.
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On a per-share basis, the Hickory, North Carolina-based company said it had a loss of $3.98. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.
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The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The wireless and broadband network technology company posted revenue of $1.6 billion in the period, which matched Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COMM at https://www.zacks.com/ap/COMM