CommScope's Q3 Adjusted Loss Narrows, Sales Increase; Shares Fall

MT Newswires Live

2024/11/07

CommScope Holding (COMM) reported a Q3 adjusted net loss Thursday of $0.05 per diluted share, narrowing from a $0.12 loss a year earlier.

Analysts polled by Capital IQ expected adjusted earnings of $0.30 per share.

Net sales for the quarter ended Sept. 30 were $1.08 billion, compared with $1.05 billion a year earlier.

Analysts polled by Capital IQ expected $1.42 billion.

Shares of CommScope Holding were down more than 26% in recent trading.

Price: 5.11, Change: -1.84, Percent Change: -26.47

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