CommScope: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 07:09 AM ET
Last Updated - Jun 22, 2023, 08:03 PM EDT
HICKORY, N.C. (AP) — HICKORY, N.C. (AP) — CommScope Holding Co. (COMM) on Thursday reported a loss of $1.12 billion in its fourth quarter.
The Hickory, North Carolina-based company said it had a loss of $5.39 per share. Earnings, adjusted for one-time gains and costs, came to 49 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The wireless and broadband network technology company posted revenue of $2.32 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $2.33 billion.
