CommScope: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 08:37 AM ET
Last Updated - Jun 21, 2023, 10:53 PM EDT
HICKORY, N.C. (AP) — HICKORY, N.C. (AP) — CommScope Holding Co. (COMM) on Thursday reported first-quarter net income of $3.4 million.
The Hickory, North Carolina-based company said it had net income of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The wireless and broadband network technology company posted revenue of $2 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $2.15 billion.
