CommScope's (COMM) Q4 Earnings Lag Estimates on Lower Revenues [Yahoo! Finance]
CommScope Holding Company, Inc. (COMM)
Last commscope holding company, inc. earnings: 2/20 06:30 am
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ir.commscope.com
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Source: Yahoo! Finance
CommScope Holding Company, Inc . COMM reported soft fourth-quarter 2023 results, with the bottom line and top line missing the respective Zacks Consensus Estimate. Lower capital spending from customers, inventory adjustments, macroeconomic challenges and decrease in net sales in major business verticals led to top-line contraction year over year. Net Income On a GAAP basis, the net loss in the December quarter was $540.9 million or a loss of $2.55 per share compared to a net loss of $1.12 billion or a loss of $5.39 per share in the year-ago quarter. The significant improvement despite top-line contraction was primarily attributable to lower operating expenses. Non-GAAP net loss was $3.9 million or a loss of 2 cents per share against net income of $138.1 million or 55 cents per share in the prior-year quarter. The bottom line lagged the Zacks Consensus Estimate of 6 cents. For 2023, CommScope reported a GAAP net loss of $1.51 billion or a loss of $7.17 per share compared with
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COMM
Earnings
- 2/29/24 - Miss
COMM
Sec Filings
- 4/22/24 - Form 3
- 4/15/24 - Form 8-K
- 4/15/24 - Form EFFECT
- COMM's page on the SEC website