CommScope (COMM) Q1 Loss Narrower Than Expected, Sales Fall [Yahoo! Finance]
CommScope Holding Company, Inc. (COMM)
Last commscope holding company, inc. earnings: 2/20 06:30 am
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US:NASDAQ Investor Relations:
ir.commscope.com
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Source: Yahoo! Finance
COMM reported soft first-quarter 2024 results, with a decrease in revenues and earnings on a year-over-year basis. 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. However, both the bottom line and top line beat the respective Zacks Consensus Estimate. Net Income On a GAAP basis, the company recorded a net loss of $375.2 million or a loss of $1.77 per share compared with a net loss of $11.7 million or a loss of 6 cents per share in the year-ago quarter. The considerably wider loss was primarily due to top-line contraction. Non-GAAP net loss from continuing operations was $20.3 million or a loss of 8 cents per share against net income from continuing operations of $86.7 million or 34 cents per share in the prior-year quarter. The bottom line was narrower than the Zacks Consensus Estimate of a loss of 23 cents. CommScope Holding Company, Inc. Pr
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COMM
Earnings
- 5/9/24 - Beat
COMM
Sec Filings
- 5/23/24 - Form S-8
- 5/21/24 - Form 8-K
- 5/17/24 - Form SD
- COMM's page on the SEC website